Pound Sterling Price News and Forecast: GBP/USD gains ground on US Dollar weakness

GBP/USD gains ground on US Dollar weakness

Cable trades with gains near the 1.2350 area and benefits from the positive market mood fueled by the announcement on Sunday regarding an agreement on the debt ceiling between US President Joe Biden and Republican House Speaker Kevin McCarthy. While neither country will release relevant economic reports the pace of the session will be dictated by the market assessment of the mentioned agreement. Read More...

GBP/USD reverses part of the recent weakness and revisits 1.2370

Despite the broad-based range bound theme in the global markets, GBP/USD manages to gather further upside impulse and revisit the 1.2370 region on Monday. Read More...
 

GBP/USD keeps the bearish outlook unchanged – UOB

In the view of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, the negative view around GBP/USD remains intact for the time being. Read More...

 

 

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