Technical Analysis
GBPUSD have big potential to buy around 1.26587 . This particular area have big resistance or rejection from the previous level higher time frame, it means lots of buyers took profit and sellers decided to involve in. Based on volume indicator the momentum for buyers is weakening.
Fundamental Analysis
Multiple Congressional Budget Office reports have warned about the soaring costs of debt and deficits, cautioning that over the next decade the public share of the national debt — currently about $27.6 trillion — will hit a new record as a share of the total economy over the next decade.
The public share of the national debt as a share of GDP is running at about 97% but is expected to soon top 100% at current spending rates.
DISCLAIMER:The information on this analysis is based on research and experience, and it is not guaranteed to be accurate