Pound Sterling continues price drop in pair with the US dollar, when the positive data on employment levels, inflation and retail sales were published. Good economic statistics means that the third quarter will be favorable for the country’s economy.
Meanwhile the general trend of GBP / USD is down-trend. A strong dollar and the generally unfavorable situation with Brexit contributes to it. Technically the pound sterling also shows a down trend with a drop to the support zone of 1.27-1.26 and lower to the downside channel boundary – 1.24 potentially. Sell now is better on the price correction.