GBP/USD: Weekly Forecast 21st May - 27th May

went into the weekend near the 1.23390 ratio, after suffering a rather incremental decline in value last week.

late this coming Wednesday, but a lack of clarity is likely to remain a feature of the trading landscape.of May, the GBP/USD has seen many bullish speculators disappear from Forex in the past ten days . On Thursday and Friday of last week the GBP/USD traded below the 1.23900 level momentarily, the last time the Forex pair had seen those depths was on the 25Chatter among financial institutions seems to believe the U.S Federal Reserve would increase interest rates again in June, but the U.S central bank is worried about the potential effect on mid and small-size U.S corporate banks and may pause because of these fears.

Traders who are taking a longer perspective will note the GBP/USD remains within the higher elements of its three months chart

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