GBP/USD Review, December 13-17, 2021
13 December 2021
The currency pair stays below 1.3267. This is due to the lack of important macroeconomic data last week. The market reaction to the mixed US inflation data was mostly positive but GBP/USD failed to break out the resistance.
WE expect the currency pair to retest 1.3267 this week. If this test is successful, GBP/USD will target the descending trend line.
