What is your outlook for British Pound?

RGS answered 3 months ago …

Looking at the 4hour chart, GBP/USD hit an intraday low at 1.6339 in Europe and looks to continue lower into the U.S session. The pair may fall further in anticipation to the CB consumer confidence as recent confidence data has surprised to the downside. Investors may take risk off the table. The bias is mixed at this level and a neutral stance should be taken. However, a sell order at this level ( 1.6373) could provide nice gains to close near 1.63. The next level of resistance is the 1.6426, followed by 1.6530 and 1.6593.

The above news as per ForexDistrict site.