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FX Desk

GBP/USD Price Forecast: Weakens below 1.3250, technical barriers sustain bearish bias

By FXStreet

GBP/USD Price Forecast: Weakens below 1.3250, technical barriers sustain bearish bias

The GBP/USD pair loses momentum to near 1.3225 during the early European trading hours on Wednesday. Surging US Treasury yields and the hawkish stance of the Federal Reserve (Fed) provide some support to the US Dollar (USD) against the British Pound (GBP).

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Source: FXStreet