A short-lived recovery in the GBP/USD pair was quickly reverted as the pair approached to the 1.3000 level early Europe, as selling interest around the Sterling remains strong. The dollar is marginally higher against most of its rivals, although the yen continues outperforming, resuming its advance as local shares plunge. There was no macroeconomic catalyst beyond this intraday decline, as the UK calendar will remain scarce this week, with attention centered in Friday's final Q2 GDP. Technically, the 4 hours charts shows that the price was unable to advance beyond a now bearish 20 SMA, while indicators have turned ... (full story)