Pound Sterling Price News: GBP/USD pulls back from four-year highs as Dollar rebounds ahead of Fed
|GBP/USD pulls back from four-year highs as Dollar rebounds ahead of Fed
GBP/USD retreats on Wednesday after posting four-year highs of 1.3869 on Tuesday, edging below the 1.3800 mark as traders await the monetary policy decision of the Federal Reserve (Fed). At the time of writing, the pair trades at 1.3798, down 0.32%. Read More...
GBP/USD retreats to 1.3780 area with markets bracing for the Fed
The Pound is trimming gains against the US Dollar on Wednesday, trading a few pips above 1.3780 at the time of writing, down from its highest levels in more than 4 years, at 1.3868. The Greenback has regained some of the ground lost over the last few days, as investors scale down USD shorts ahead of the Federal Reserve’s (Fed) monetary policy decision. Read More...
GBP/USD Price Forecast: Trades below 1.3800 after pulling back from four-year highs
GBP/USD depreciates after four days of gains, trading around 1.3800 during the Asian hours on Friday. The technical analysis of the daily chart suggests a potential bearish reversal amid a narrowing range, suggesting buyers are losing strength within the rising wedge pattern. Read More...
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