Short Gbp/usd

Short Gbp/usd


-GBP/USD is sensitive to surprises in UK PMI data and we expect both manufacturing and services PMIs to surprise to the downside next week.
-Lower expectations of QE from the FOMC will also likely be supportive of the USD and help move GBP/USD lower.
-GBP/USD failed to close above 1.590 last week and currently faces trendline resistance slightly below that level.


More FOREX-news on pages InstaForex.Com