The British maintains a downward trend

The British pound keeps a downward trend against the US dollar amid persisting risks over Brexit, as well as in connection with the growing demand for the US dollar in anticipation of voting on the bill of tax reform in the United States. Also, during today’s trading session, the pressure on the GBP/USD pair was provided by the EUR/GBP cross-rate growth, having updated the current week’s maximum.

Fig. EUR/GBP. The current price is $ 0.8841.

Technical analysis: The pair GBP/USD has retreated from the low of today’s trading at 1.3374, but still the downward sentiment persists. One should consider the main resistance levels at 1,3400; 1.3430; support levels at 1.3325; 1,3300.

 Fig. GBP/USD. The current price is $ 1.3363.

Alexander Sivtsov