Cable edged higher on Friday, following better than expected UK GDP data which partially offset negative impact from further rise in US inflation that fueled expectations for possible more radical action from Fed. Fresh advance continued to face strong headwinds at pivotal 1.3600 barrier (Fibo 61.8% of 1.3748/1.3357) after several upticks (yesterday /last week) failed […]
The post GBP/USD Outlook: Above Expectations UK GDP Lifts Sterling But Pivotal 1.3600 Barrier Caps the Action appeared first on Action Forex.