Pound Sterling Price News and Forecast: GBP/USD sticks to the range bound theme
|GBP/USD Forecast: Pound Sterling remains fragile in risk-averse environment
GBP/USD closed the previous week virtually unchanged following a steady rebound in the second half of the week. The intense flight to safety at the beginning of the new week, however, caused the pair to open with a bearish gap and decline below 1.2200. Read more...
GBP/USD sticks to the range bound theme – UOB
In the view of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, GBP/USD is still seen navigating the 1.2030-1.2270 rang for the time being. Read more...
GBP/USD manages to hold above 1.2200, bulls remain on the sidelines amid geopolitical tensions
The GBP/USD pair attracts some dip-buying following a modest bearish gap opening to sub-1.2200 levels on the first day of a new week and moves back closer to a one-week high touched on Friday. Spot prices currently trade around the 1.2220-1.2225 area and remain at the mercy of the US Dollar (USD) price dynamics. 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.