Fundamental

The British pound has fallen on Wednesday, as we continue to see pressures on this currency.

A firmer US Dollar and a bearish breakdown suggest more downside, especially if the price remains below $1.1805 today.

The GBP/USD exchange rate pulled back to its lowest level since January 23rd after the UK published an encouraging inflation report on Wednesday. It dropped to a low of 1.3482, down by 2.7% from its highest level this year.

Bitcoin price continued its downtrend on Thursday as demand remained weak. The BTC/USD pair dropped to 66,370, continuing a downward trend that has been going on Sunday this week.

The AUD/USD exchange rate remained under pressure this week as traders reflected on the latest Australian jobs data. It was trading at 0.7055, down from the year-to-date high of 0.7155.

Gold struggles below $5,000 in Thursday’s Asian trades as buyers take a breather after the 2% rally on Wednesday.