GBPUSD Technical Analysis – The greenback pressure persists ...Middle East

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GBPUSD Technical Analysis – The greenback pressure persists
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Fundamental OverviewThe USD remains under pressure amid the aggressive market pricing for rate cuts and better global growth expectations following the recent huge Chinese easing measures. It’s now a battle between global growth supporting the risk sentiment and weighing on the greenback and the aggressive rates pricing which could be scaled back if the US data starts to pick up. On the GBP side, the UK PMIs on Monday were a touch softer than expected but still solid compared to its peers. The market expects the BoE to deliver 36 bps of easing by year-end with a 25 bps cut in November priced at 77% probability. GBPUSD Technical Analysis – Daily TimeframeOn the daily chart, we can see that GB

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