GBP/USD Forecast: Broadly Inactive at 1.2320, Focus on US GDP

The GBP/USD price remains on the back foot. BoE and Fed may approach pivot after one hike. Moving forward, the US Q4 GDP data is key for the pair. Bears are looking for more clues to determine whether London will open further on Wednesday as the GBP/USD forecast remains below 1.2320. Following a two-day downtrend, … The post GBP/USD Forecast: Broadly Inactive at 1.2320, Focus on US GDP appeared first on Forex Crunch.

GBP/USD Forecast: Broadly Inactive at 1.2320, Focus on US
GDP

The GBP/USD price remains on the back foot. BoE and Fed may approach pivot after one hike. Moving forward, the US Q4 GDP data is key for the pair. Bears are looking for more clues to determine whether London will open further on Wednesday as the GBP/USD forecast remains below 1.2320. Following a two-day downtrend, …

The post GBP/USD Forecast: Broadly Inactive at 1.2320, Focus on US GDP appeared first on Forex Crunch.