Pound Sterling Price News and Forecast: GBP/USD bullish but stalls at 1.3000

FXStreet Team FXStreet

GBP/USD Price Forecast: Bullish but stalls at 1.3000

The Pound Sterling recovered some ground against the US Dollar, though it failed for the second consecutive trading day to reach 1.3000. This exacerbated a pullback toward the current exchange rate, as the GBP/USD trades at 1.2981, slightly above 0.20% of its opening price. Read More...

Pound Sterling surges ahead of UK budget, US labor and economic data

The Pound Sterling (GBP) gains to near the psychological resistance of 1.3000 against the US Dollar (USD) in Monday’s North American session. The GBP/USD pair rises sharply as the US Dollar falls back, with investors focusing on a slew of United States (US) economic data this week. Read More...

GBP/USD Price Forecast: The bearish outlook remains in play below 1.2950

The GBP/USD pair extends the decline to around 1.2945 during the early European session on Monday. A bullish US Dollar (USD) on the back of bets for a less aggressive easing by the Federal Reserve (Fed) drags the pair lower. In the absence of top-tier economic data released from the UK and the US, the USD price dynamics will continue to play a key role in influencing the pair. Read More...

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