Pound Sterling Price News and Forecast: GBP/USD pound sterling could correct lower on risk aversion
|Pound Sterling falls amid uncertainty ahead of data-packed week
The Pound Sterling (GBP) exhibits moderate pressure in Monday’s late European session amid uncertainty ahead of a data-packed week. The GBP/USD pair drops ahead of the United Kingdom Employment and monthly Gross Domestic Product (GDP), which will be published on Tuesday and Wednesday, respectively. Read more...
GBP/USD Forecast: Pound Sterling could correct lower on risk aversion
GBP/USD closed the sixth consecutive trading day in positive territory on Friday and gained more than 1.5% for the week. The pair edges lower early Monday and trades below 1.2850.
The unabated selling pressure surrounding the US Dollar (USD) helped GBP/USD post its largest one-week gain since November. Read more...
GBP/USD to see additional gains to 1.3000+ in the next few weeks – Scotiabank
Cable’s gains are holding comfortably in the mid-1.2800s, the highest for the pound since last July. Economists at Scotiabank analyze GBP/USD outlook.
Sterling’s gains through the low 1.2800s last week take Cable out of its long-standing trading range and target additional gains to 1.3000+ in the next few weeks, potentially. Read more...
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