GBP/USD: Weak UK Economic Data Add to Cable’s Negative Outlook

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<p>Bears tightened grip on Friday, offsetting initial positive signal of Thursday’s long-tailed daily candle, formed on post-BoE dip and subsequent bounce. Fresh weakness is pressuring six-month low (1.2231) and nearby 55WMA (1.2204) which produced headwinds on Thursday, on track to break these supports and extend larger bear-leg from 1.3141 (2023 high) towards targets at 1.2074/00 […]</p>
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