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| GBP/USD four-hour chart, source:FXDD.com |
The main issue on British pound is Brexit. Brexit risk moves cable up and down and it doesn't come yet.
European Union agreed the deadline of Brexit to move to October 31. The fear of ''no deal Brexit'' is removed and English can think leaving more carefully.
But one of the currency pairs, GBP/USD has lowered its peaks since mid March making ''triangle pattern''. U.S. dollar shows long stance against euro and the weak moving of pound is due to global strong dollar. And the good records from United States economy leads strong greenback and weak cable.
And The US president Donald Trump and his staff are pressuring the Fed to lower interest rates. It may stimulate weak dollar.
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