Pound Sterling Price News and Forecast GBP/USD: Market participants waiting for UK employment figures
|GBP/USD Forecast: Market participants waiting for UK employment figures
The GBP/USD pair bottomed for the day at 1.3827, recovering some ground in the American afternoon to end the day at around 1.3854. The pair depended solely on the dollar’s demand, or the lack of it, ignoring news coming from the United Kingdom. Nevertheless, news showed a sharp increase in the value of goods imported from Northern Ireland to the Republic, up by 77%, while the value of exports rose 43%. Companies on both sides of Ireland are making their way to avoid difficulties resulting from the Brexit protocol. Read more...
GBP/USD remains under pressure on firmer US dollar
GBP/USD under pressure as greenback perks up again. Risk-off markets are taking their toll on forex at the start of the week. GBP/USD is down some 0.17% on the day as the greenback makes back some ground following a dismal performance at the end of last week's trade. Cable is trading at 1.3841 after falling from a high of 1.3878 to a low of 1.3827. Read more...
GBP/USD Forecast: Sterling set to suffer even if the dollar takes a breather
GBP/USD has been drifting lower as the safe-haven dollar finds reasons to rise. Concerns about Britain's covid situation could keep cable depressed even if the greenback drops. Monday's four-hour chart is painting a mixed picture. Has sterling's bounce already ended? The chart is showing that GBP/USD has set to lower highs, exposing the currency pair's weakness – and for good reasons. 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.