Pound Sterling Price News and Forecast: GBP/USD soars past 1.2500 on soft US manufacturing data
|GBP/USD soars past 1.2500 on soft US manufacturing data, Fed skipping hike
GBP/USD edges higher in the North American session, boosted by downbeat economic data from the United States (US), with business activity slowing. Additionally, US Federal Reserve (Fed) officials pushing for a “skip” on its tightening cycle eased the odds for a rate hike at the upcoming June meeting. The GBP/USD is trading at around 1.2510s after hitting a low of 1.2400. Read More...
GBP/USD sticks to modest gains around mid-1.2400s, just below two-week top post-US ADP
GBP/USD retreats from over one-week high, slides back closer to 1.2400 amid stronger USD
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