GBPUSD Forecast, News and Analysis - FXStreet

GBPUSD: Further downside hinges on 1.3655 break

The Relative Strength Index indicator on the four-hour chart continues to stay in the overbought territory above 70, suggesting that buyers could move to the sidelines and await a correction.

The data published by the UK's Office for National Statistics revealed on Friday that the economic activity in November expanded by 0.9%, compared to the market expectation of 0.2%. On a negative note, Industrial Production increased by only 0.1% on a yearly basis, falling short of analysts' estimate of 0.5%.

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