Pound Sterling Price News and Forecast: GBP/USD extends losing streak as strong US PMI fuels Dollar strength
|GBP/USD extends losing streak as strong US PMI fuels Dollar strength, Jackson Hole in focus
The British Pound (GBP) extends its decline for the fourth consecutive day against the US Dollar (USD) on Thursday, with GBP/USD slipping below the 1.3450 level. At the time of writing, the pair is trading near 1.3435, weighed down by a stronger Greenback and diverging economic signals. Read More...
Pound Sterling rises on strong flash UK PMI numbers
The Pound Sterling (GBP) attracts bids against its major peers on Thursday after the release of the upbeat preliminary United Kingdom (UK) S&P Global Purchasing Managers’ Index (PMI) data for August. The report showed that the Composite PMI rose at a faster pace to 53.0, compared to expectations of 51.6 and the prior reading of 51.5. Read More...
GBP/USD softens to near 1.3450 ahead of UK/US PMI releases
The GBP/USD pair drifts lower to around 1.3450 during the Asian trading hours on Thursday, pressured by a modest rebound in the US Dollar (USD). Traders await the preliminary reading of S&P Global Purchasing Managers Index (PMI) for August from the United Kingdom (UK) and the United States (US), which are due later on Thursday. On Friday, all eyes will be on the Fed’s annual Jackson Hole symposium. Read More...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.