GBP/USD defends Friday’s run-up towards crucial resistance

GBP/USD seesaws around 1.3600 as softer USD contrasts Brexit, coronavirus woes

GBP/USD buyers struggle for clear directions as the cable pair takes rounds to 1.3590 during Monday’s Asian session, following the strongest daily run-up in over a week. The cable pair’s latest inaction could be linked to the contrasting signals by the key risk catalysts as well as an absence of the major data/events during the generally tepid Asian session.

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GBP/USD Weekly Forecast: Cable at the mercy of US inflation and Omicron, correction seems imminent

Omicron may be peaking in London – but the Federal Reserve’s urge to tighten is still rising. These two forces will likely remain in play in the upcoming week, featuring all-important US inflation and retail sales data, GDP from the UK and a covid-watch.   

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