GBP/USD: in descending channel

Forex analytics: Current trendTowards the end of the week, the pair strengthened.The pair was supported by falling demand for the US Dollar, which is under pressure prior to the Fed meeting that is due next week. There is a high possibility, however, that the rate hike is already incorporated into the price and the USD is substantially overbought. At the same time, the pair was pressured by data on the ...