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GBP/USD pressured to key support despite a crucial drop in US yields

12 days ago   |   By FXCM

GBP/USD is now pressured by bears at critical support.
DXY also meets a key support level on the daily chart.
At the time of writing, GBP/USD is trading at 1.3736 between a range of 1.3718 and 1.3782 and around flat on the day.
It is really more of a US dollar story than anything else on Thursday, with the markets soaking up the Federal Reserve's commitment for lower for longer rates.
In yesterday's Federal Open Market Committee minutes, various participants noted that changes in the path of policy should be based primarily on observed outcomes rather than forecasts.
This has given rise to...
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