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GBP/USD forecast - page 9

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The GBPUSD is at the 1.3200 level from where it may go in any direction. To the upside, the 1.3532 level may act as resistance. The 1.2800 may still be support.
GBP is losing momentum - if it had any
Bearish on the Sterling.
The pair is stalling at the 1.3180 level, but I think it will likely continue moving to the downside.

GBP/USD: Sterling Declines Sharply Despite Improving Inflation

Sterling dropped around 1% on Tuesday as sellers returned to the market, pushing the pair down to $1.3130 during the US session.

Earlier in the day, UK CPI for June improved and topped analysts estimates.The yearly change jumped to 1.4% from 1.2%, while analysts had expected a rise to 1.3%. The monthly print came at 0.2% as expected and the year-on-year change of core CPI printed 0.5%, up from 0.3% previously.

These data provided only a very short-term relief for the pound as it continued to decline amid US dollar strength and a possible monetary policy easing by the Bank of England in August.

"While June's rise in consumer price inflation had little to do with the pound's sharp fall since the vote for Brexit, sterling weakness does look set to increasingly feed through over the coming months to markedly push inflation higher as it raises prices for imported goods and services, oil and commodities. We suspect that the pound is headed for further weakness despite its recent stabilization," Howard Archer, Chief UK + European Economist at IHS Global Insight commented on the numbers.

The GBPUSD goes back down, but the fall may be over and the pair may try to go back up. The 1.2800 may still be support.
All are forecasting further GBP fall. It might as well continue as soon as the political fuss stops
maybe
metal30:
maybe
Maybe? It looks like ranging now
It is still caught in a range
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