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British Pound (GBP) Price Outlook: GBP/USD Stable But Still Testing Support

GBP/USD PRICE, NEWS AND ANALYSIS: GBP is currently steady against both the US Dollar and the Euro but GBP/USD remains close to trendline support and would likely drop much further if that beaks. A UK interest rate increase by the Bank of England next week is now around 50/50 as concerns about Omicron make a rate rise less likely. GBP/USD STABLE BUT GAINS AT RISK GBP/USD is looking steadier so far this week but, as the chart below shows, it remains close to the support


MongiIG in Market News

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