GBP/USD Key support zone remains under pressure

By: bitcoin ethereum news|2025/05/08 14:15:02

GBP/USD outlook: Key support zone remains under pressure ahead of US-UK trade deal announcement Cable holds in red on Thursday and pressuring key support zone after overnight’s 0.5% jump on news of possible US/UK trade deal, was quickly reversed. The US President Trump is expected to announce the details of initial trade deal with Great Britain later today that would mark a foundation for further negotiations. Read more... GBP/USD Forecast: Pound Sterling could weaken on BoE-Fed policy divergence GBP/USD came under heavy bearish pressure in the late American session on Wednesday and lost more than 0.5% on the day, erasing a majority of its weekly gains in the process. The pair stays on the back foot early Thursday and trades below 1.3300. The US Dollar (USD) gathered strength against its rivals midweek as the Federal Reserve (Fed) adopted a cautious tone on policy-easing after leaving the policy rate unchanged at 4.25%-4.5%. Read more... Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-key-support-zone-remains-under-pressure-202505081115

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