GBP/USD: downward trend is getting stronger

Forex analytics: Current trendThe GBP/USD pair continues declining amid weak UK macroeconomic releases and growing demand for the US Dollar.Last week, the pair reached its local low 1.5030, being under pressure from favorable US GDP statistics and poor UK data. Today, Mortgage Approvals and Consumer Credit statistics, released in the UK, are pushing the pair further down towards new local lows 1.5000Support ...