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British Pound (GBP) Price Outlook: Downside Pressure on GBP/USD Persists

GBP/USD PRICE, NEWS AND ANALYSIS: GBP/USD continues to hover around the support line of a downward-sloping channel connecting the lower lows in place since mid-April. So far it has notably failed to benefit from receding fears about the Omicron variant of the coronavirus and it looks increasingly likely that the previous support line is now acting as resistance.   GBP/USD DOWNSIDE BECKONS GBP/USD is continuing to struggle to climb above the support line of a d


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