Pound Sterling Price News and Forecast: GBP/USD remains sidelined around two-year low
|GBP/USD Price Analysis: Bears running out of steam ahead of UK GDP
GBP/USD takes rounds to the lowest levels since June 2020 as traders await the UK Q1 GDP during Thursday’s Asian session. In doing so, the cable pair stays inside a one-week-old descending trend channel, flirting with the 1.2250 level by the press time.
GBP/USD outlook: Cable bounces after US CPI data as markets digest results
Cable fell below 1.23 handle after US CPI data came above expectations in April, but dip stayed above new 2022 low (1.2260) posted on Monday and subsequent bounce pushed the price to the mid-point of the near-term range which extends into fourth straight day.
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