The GBP/USD is falling as a strong US dollar leads the way. Fed mood, as well as the concerns linked with the Russian issue, are driving forces. Moving forward, market fundamentals will be key. The GBP/USD outlook at the start of the London session is on the bearish side, as we see a stronger greenback. Hawkish Fed Markets appear to be convinced that the US Federal Reserve would raise interest rates more aggressively to confront persistently rising inflation. –Are you interested in learning more about forex bonuses? Check our detailed guide- Last week, hawkish comments by New York Fed President John Williams underlined the bets, which were interpreted as further evidence that conservative officials are on board for larger rate rises even more. Dovish BoE Meanwhile, the mood surrounding the Bank of England is dovish after the dovish rise given in March, owing to concerns about the economic prospects. Nonetheless, higher-than-expected inflation in the coming weeks may put further pressure on the Fed to move more aggressively. The Russian-Ukrainian stalemate There is still no evidence of progress in the two countries’ peace negotiations. Dmytro Kuleba, Ukraine’s Foreign Minister, stated that no recent diplomatic interactions between Russia and Ukraine over the weekend. He stated that the situation at Mariupol’s port, which he termed “dire,” may represent a “red line” along the road of discussions. GBP/USD data events ahead We don’t have anything notable regarding the GBP and USD in the doc. We’ll see NAHB Housing Market later in the New York session. It will, however, have little to no influence on the couple. The big event will be Fed Chair Jerome Powell’s speech, scheduled for later this week. What’s next to watch for GBP/USD outlook? Market fundamentals will become increasingly important in the future. The ongoing Russia-Ukraine conflict and the general risk-off mindset can provide extra support to the safe-haven buck while putting downward pressure on the GBP/USD. Get FREE Forex Signals Now! GBP/USD technical outlook: Trading in red for now The GBP/USD price is traveling at the 1.3012 level. So far, the pair has lost 0.34%. The price is below 20, 50, 100, and 200 SMAs, signifying a bearish trend. –Are you interested in learning more about ETF brokers? Check our detailed guide- The next key resistance level for the pair is 1.3074. If we see a rise beyond this level, the cable can climb towards the price goes above this level, it can further climb towards 1.3094. On the other hand, the next support is at 1.3000. If the price dips below this level, we can see it further drifting towards the 1.2972 level. Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal Majors share Read Next Free Forex Signals and Forecast: Sell AUD/JPY – 18 Apr 2022 Olimpiu Tuns 1 month The GBP/USD is falling as a strong US dollar leads the way. Fed mood, as well as the concerns linked with the Russian issue, are driving forces. Moving forward, market fundamentals will be key. The GBP/USD outlook at the start of the London session is on the bearish side, as we see a stronger greenback. Hawkish Fed Markets appear to be convinced that the US Federal Reserve would raise interest rates more aggressively to confront persistently rising inflation. -Are you interested in learning more about forex bonuses? Check our detailed guide- Last week, hawkish comments by New York Fed President… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.