Pound to Dollar Forecast: UK Political Uncertainty, Bull Trend "Somewhat Exhausted"

  • GBP/USD fell on Wednesday as UK political uncertainty and fears of tax hikes weighed on the Pound, while disappointing US ADP jobs data added to volatility ahead of Friday's key payrolls release. "The multi-month bull trend is looking somewhat exhausted following a period of negative divergence in which the momentum indicators failed to.