GBP climbed roughly 1 percent over the past week according to the British Pound Currency Index (BXY). While the recent ascent has helped push the Sterling off its lowest level since December 2018, bullish conviction remains overshadowed by the technical damage to GBP charts from broad-based weakness in the British Pound realized since March. Aside from its overarching downtrend, the British Pound could face further headwinds as the currency runs into technical resistance.Spot GBP/USD has seen an uptick in price action recently – largely owing to the market’s reaction to the June Fed meeting and the central bank’s ... (full story)