GBP/USD Weekly Forecast: Pound Sterling Sellers Refuse to Give Up Yet

The Pound Sterling (GBP) extended its downtrend and reached seven-month lows near 1. 3000 against the US Dollar (USD), before GBP/USD buyers quickly jumped in and recovered some ground.   Pound Sterling rebounded; not out of the woods yet  Safe-haven flows returned with a bang and acted as a strong headwind to the risk-sensitive Pound Sterling while boosting the US Dollar to its highest in five months against its six major currency rivals.   “Sell everything” theme gripped the market as traders witnessed a wave of exhaustion following the Artificial Intelligence (AI) driven record rally in global stocks source: https://beincrypto.com/gbp-usd-forecast-pound-sterling-sellers-refuse-give-up/