The GBP/USD pair has started to retreat as the bullish momentum begins to fade. This backslide comes after a period of strong upward pressure on the pair. The pound sterling has weakened against the US dollar as investors reassess their positions.
The recent decline in GBP/USD can be attributed to a number of factors, including a stronger US dollar and uncertainty surrounding Brexit negotiations. As the bullish sentiment wanes, traders are taking a more cautious approach to the pair.
It is important to monitor the ongoing developments in the currency market, as any significant changes could impact the GBP/USD pair. Traders should be prepared for potential fluctuations in the exchange rate as market conditions evolve.