Pound Sterling Price News and Forecast: GBP/USD steady at 1.3518 as PMIs signal slowdown, Powell speech eyed
|GBP/USD steady at 1.3518 as PMIs signal slowdown, Powell speech eyed
The Pound Sterling remains steady during the North American session on Tuesday after business activity in both sides of the Atlantic, slows down in September, according to Flash Purchasing Managers Indices (PMI) reports in the UK and the US. The GBP/USD trades at 1.3518, virtually unchanged. Read More...
Pound Sterling faces pressure on slowing UK business activity growth
The Pound Sterling (GBP) faces pressure against its peers on Tuesday after the release of the weak preliminary United Kingdom (UK) S&P Global Purchasing Managers’ Index (PMI) data for September. The S&P Global reported that the Composite PMI came in lower at 51.0 against estimates of 52.7 and from 53.5 in August, indicating that the overall business activity expanded, but at a moderate pace. Read More...
GBP/USD clips three-day losing streak, bounces off key technicals
GBP/USD rebounded on Monday, snapping a three-day losing streak and chalking in a technical bounce from the 50-day Exponential Moving Average (EMA) as broad-market Greenback flows recede. Cable traders will face a double-header of Purchasing Managers Index (PMI) survey results on Tuesday, and business expectations are expected to take a slight hit on both sides of the Atlantic. Read More...
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