GBP/USD Forecast: Pound looks vulnerable despite thin holiday trading by eren_fxstreet GBPUSD Pound USDollar
shows that sellers are likely to dominate the pair's action in the short term.
In an interview with CBS News on Sunday, Ukrainian Foreign Minister Dmytro Kuleba said that he was expecting an "intensification of heavy fighting in eastern Ukraine" in the coming weeks. Kuleba further noted that Russian aggression in Mariupol could be seen as a "red line" in negotiations with Russia.
In the meantime, the Relative Strength Index indicator stays near 40, suggesting that the latest recovery attempt was a technical correction and that buyers remain hesitant. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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