GBP/USD clings to six-week high around 1.3500 as weaker USD joins Brexit, Omicron woes
GBP/USD remains on the front foot around 1.3485-90 during Thursday’s Asian session, after refreshing the multi-day top to 1.3599 the previous day. Alike other major currency pairs, the cable also cheered broad US dollar weakness while ignoring threats from the South African covid variant, namely Omicron, as well as Brexit of late.
GBP/USD Forecast: Sellers eye a drop below 1.3400
GBP/USD has reversed its direction after climbing to its highest level in more than a month at 1.3463 on Tuesday. The pair is closing in on key 1.3400 support and additional losses could be witnessed if buyers fail to defend that level.