GBP/USD Price Forecast: More downside looks likely towards 1.3240

The GBP/USD pair trades marginally lower to near 1.3338 during the European trading session on Monday. The pair posts a fresh almost three-week low near 1.3316 in the day, as the US Dollar (USD) outperforms amid growing expectations that the Federal Reserve (Fed) will raise interest rates this year.

GBP/USD Price Forecast: 20-day EMA continues to cap upside

The GBP/USD pair trades 0.16% lower to near 1.3446 during the European trading session on Wednesday. The pair faces selling pressure as the US Dollar (USD) strengthens due to increased uncertainty over the United States (US)-Iran deal.

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