Technical analysis
GBP/USD – Smart Money Analysis: Will the Bank of England Signal a Hawkish Policy Stance?
The GBP/USD pair has posted strong
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28.07.2026 05:42 PM
The GBP/USD pair has posted strong gains in recent weeks, which could mark the beginning of a bullish trend. However, the pound is currently undergoing a corrective pullback that began two weeks ago and has yet to run its course. Last week, the fundamental backdrop was not unfavourable for the pound, yet bears remained in control throughout the week. This week, the pound’s decline has continued despite the absence of negative news from the UK, while the only major US
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