GBP/USD Forecast: Pound to have a hard time staging a rebound.

GBP/USD has managed to hold above 1.3200 after posting modest losses on Monday.Several resistances that could limit GBP/USD’s upside remain intact.

Omicron fears ahead of Bank of England’s policy decisions are likely to continue to weigh on GBP.GBP/USD has edged lower during the Asian trading hours on Tuesday but the bearish pressure has started to ease after the pair tested 1.3200. The British pound, however, could have a difficult time finding demand ahead of the Bank of England’s (BoE) policy announcements and the technical outlook doesn’t point to additional recovery gains in the near term.

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