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British Pound (GBP) Price Outlook: GBP/USD May Fall Further as USD Strength Persists

GBP PRICE, NEWS AND ANALYSIS: GBP/USD has been falling steeply since Friday, largely due to USD strength. That weakness could well persist as the pair nears critical support levels. The UK flash purchasing managers’ indexes (PMIs) for November, released this session, came in above economists’ expectations but had no impact on GBP. GBP STILL UNDER DOWNWARD PRESSURE GBP/USD will likely extend the falls that began last Friday as the US Dollar continues to benefit
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