GBP/USD: expected to come under pressure - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the British Pound remained under pressure, despite improved market mood, weighed by fears of a Brexit, and how it will affect the UK economy.


Key Quotes:

"The GBP/USD advanced up to 1.4534 at the beginning of the day, but was unable to sustain gains above the 1.4500 figure, and slowly slid during the rest of the day, nearing 1.4400 by the US afternoon."

"This Tuesday, the UK will release several key macroeconomic indicators, related to retail and producers' inflation, which may put the Pound under additional pressure, as January numbers are largely expected to come below December ones"