Pound Sterling Price News and Forecast: GBP/USD remains supported by lockdown easing announcements
|GBP/USD outlook: Cable loses traction as US rate talks/rising virus cases
Cable is standing at the back foot at the start of the week, following multiple failure to sustain break above 1.42 barrier and dollar regained traction on comments from Fed Treasury Secretary Yellen over the weekend, after it was deflated by weaker than expected US labor data on Friday. Yellen said that President Biden’s $4 trillion spending plan would boost inflation and contribute to increasing interest rate that would be a positive environment for the US, as the interest rates were to low for a long period of time. Read more...
GBP/USD Forecast: Pound remains supported by lockdown easing announcements
The GBPUSD pair trades around 1.4180 as the US session comes to an end, holding on to most of its intraday gains. The pair advanced on the broad dollar’s weakness witnessed during US trading hours, the echoes of the poor US employment report published last Friday. As for the pound, it found support in comments from the UK’s Prime Minister spokesman, who said that nothing in current data would prevent easing the lockdown. Also, the UK health secretary said: "the majority of people in hospitals with COVID appear to be those" who haven't been fully vaccinated. Read more...
GBP/USD closes in on 1.4200 as USD struggles to find demand
GBP/USD edges higher toward 1.4200 during the American session. US Dollar Index remains on track to close below 90.00. EU official says patience is wearing thin with UK on N. Ireland. The GBP/USD started the new week on a weak footing and declined toward 1.4100 in the early trading hours of the European session. However, the pair reversed its direction with the renewed USD weakness and was last seen gaining 0.25% on the day at 1.4190. 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.