Pound Sterling Price News and Forecast: GBP/USD slips below 1.33 as US and UK manufacturing activity slumps
|GBP/USD slips below 1.33 as US and UK manufacturing activity slumps
The Pound Sterling (GBP) edges lower against the US Dollar (USD) on Thursday, with most European markets closed during Labor Day. The release of manufacturing activity data on both sides of the Atlantic and United States (US) trade policies continued to drive the financial markets. At the time of writing, GBP/USD trades at 1.3295, down 0.25%.Read More...
Pound Sterling trades lower against US Dollar after US Manufacturing PMI data
The Pound Sterling (GBP) trades slightly lower against the US Dollar (USD) marginally above 1.3300 during North American trading hours on Thursday. The GBP/USD pair ticks lower as the US Dollar (USD) attracts bids after the release of the upbeat United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI) data for April. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, strives to settle above the fortnightly high around 100.00.Read More...
GBP/USD falls toward 1.3300 as Trump signals optimism over potential US-China trade deal
The GBP/USD pair continues its downward trajectory for the third straight day, trading around 1.3310 during Thursday’s Asian session. Market participants appear to be positioning cautiously ahead of the US Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers Index (PMI), set to be released later in the North American session.Read More...
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