GBP/USD: pair in descending channel

Forex analytics: Current trendLast week the Pound fell against the Dollar by more than 400 points.The pair was pressured by the decision from the Bank of England to keep its current interest rate and the Asset Purchase Facility unchanged, while the regulator’s Minutes were primarily in negative tones. In addition, the Pound was pressured by data on the Industrial Production in the UK that came out worse ...