Pound Sterling Price News and Forecast: GBP/USD climbs sharply, back above 1.2380

GBP/USD climbs sharply, back above 1.2380 as traders eye US GDP

The GBP/USD solidly climbs and trims two days of consecutive losses after hitting a weekly low of 1.2263 on Wednesday. Risk aversion is the game’s name, while the US Dollar (USD) is pairing some of its earlier losses, underpinned by US bond yields rising. The GBP/USD is trading at 1.2384, clinging to gains of 0.42%. Read More...

 

GBP/USD consolidates in a range, holds above 1.2300 mark amid subdued USD demand

The GBP/USD pair struggles to gain any meaningful traction on Wednesday and oscillates in a narrow band through the early part of the European session. Spot prices hold above the 1.2300 mark, though remain well within the striking distance of a one-week low touched on Tuesday. Read More...

 

GBP/USD steadies above 1.2300 as markets expect BoE, Fed approaching policy pivot

GBP/USD holds lower ground near 1.2320 as bears seek more clues to rule further heading into Wednesday’s London open. In doing so, the Cable pair remains sidelined after a two-day downtrend while copying the broad market inaction. Read More...

 

 

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