GBP/USD faces a potential 600-pip drop after breaking a long-term trendline. With an 8-day losing streak and upcoming UK CPI and labor market data, macro factors and interest rate expectations are weighing on the pound. Technical analysis shows support levels to watch, with a break below 1.3000 opening the door for further declines.
15-07-2025 19:15 GMT
by Zain Vawda