By FXEmpire.com
The GBP/USD pair has had a very disappointing week for the buyers. The 1.57 level has held as resistance, and now it does look in fact like we’re going to continue to fall. Certainly, the pair looks susceptible to headline risk, as it normally would be anyway. The fact that the market is so risk averse at the moment, suggests that the British Pound could be on the back foot going forward, especially against the US dollar. With this being said, we would sell a break of this week’s lows.
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Originally posted here
