The British Pound against the US Dollar is one of the oldest currency pairings in the world. The pair is often called 'The Cable', as the first transatlantic communication cable run across the floor of the Atlantic, connecting Great Britain with The United States, was used to transmit currency prices between the two economies. 'The Cable' remains a favorite of traders today, accumulating massive interest considering the size of The UK economy.
The 'Trump Trade' continues to retrace in the U.S. Dollar, but longer-term technical posture remains strong. Will bulls return fast enough to quell a reversal in GBP/USD?