Pound Sterling Price News and Forecast: GBP/USD buckles as DXY nears 102 on US jobs, factory strength
British Pound buckles as DXY nears 102 on US jobs, factory strength
The Pound Sterling (GBP) dives by over 0.44% on Thursday, as business activity in the manufacturing sector remains solid in the US, while US jobs data confirmed the strength of the labor market. Consequently, this pushed US yields and the US Dollar higher. At the time of writing, the GBP/USD pair trades at 1.320 after bottoming at 1.3182, its lowest since June 26. Read More...
British Pound tests 1.3200 as higher US yields and risk-off markets boost US Dollar
The British Pound (GBP) heads lower against the US Dollar (USD) on Wednesday, with the GBP/USD pair hitting three-month lows just below 1.3200 ahead of the US session opening. A dismal market mood, with Brent Oil prices returning above $100 coupled with surging US Treasury yields, is buoying the US Dollar, while soft UK manufacturing activity data has failed to support the Pound. Read More...
GBP/USD Price Forecast: Declines to near 1.3250 as bearish bias persists below 100-day moving average
The GBP/USD pair trades in negative territory around 1.3250 during the early European trading hours on Thursday. The British Pound (GBP) edges lower against the US Dollar (USD) amid widening monetary policy divergence between the Bank of England (BoE) and the US Federal Reserve (Fed). The US weekly Initial Jobless Claims report and the Fedspeak will be in the spotlight later in the day. Read More...
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