GBP/USD Review, February 3-7, 2020
03 February 2020
The currency pair went upwards last week and almost reached 1,3232 resistance areas. We can notice risk appetites despite Chinese coronavirus.
The Bank of England has left the interest rates unchanged last week, which supported GBP against USD. It is to mention that the UK is going to leave the EU and there are many unsolved issues. There are doubts that GBP is going to follow strong uptrend in the nearest future.
The currency pair has almost reached a strong support area. If GBP/USD breaks it out, it will be able to move further upwards. Otherwise, the closest target for GBP/USD will be the ascending trend line.
