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British Pound (GBP) Price Outlook: GBP/USD Downtrend May Resume

GBP PRICE, NEWS AND ANALYSIS: After its decent rally since the end of last month, GBP/USD now looks likely to fall back, although it could remain around the 1.36 level for a while first. Talk in the UK media of stagflation persists, and a dire set of new car registration figures will do nothing to counter that narrative.   GBP/USD COULD HOLD STEADY, THEN DROP GBP/USD is in an interesting position, having rallied from the September 29 low at 1.3412 to around 1.36.


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