Pound Sterling Price News and Forecast: GBP/USD climbs above 1.3400 as Oil rout outshines strong US PMI

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British Pound climbs above 1.3400 as Oil rout outshines strong US PMI

The Pound Sterling (GBP) rises about 0.26% against the US Dollar (USD) on Monday, starting the eleventh month of the year on an upbeat note as the economy in the US remains strong following the release of the ISM Manufacturing PMI for October. GBP/USD trades at 1.3423 at the time of writing after hitting a six-week high of 1.3448. Read More...

British Pound retreats from two-week highs despite upbeat UK manufacturing activity

The British Pound (GBP) holds moderate gains against the US Dollar (USD) on Monday but has eased from the two-week highs hit earlier in the day, despite the confirmation of solid UK manufacturing activity in October. The GBP/USD is testing support at previous highs in the 1.3420 area as of writing, down from session highs a few pips shy of 1.3450. Read More...

British Pound trades positive at the start of the BoE’s policy week

The British Pound (GBP) is up against a majority of its currency peers, trading 0.3% higher to near 1.3430 vs. the US Dollar (USD) at the start of the week. The British currency trades higher, while investors keenly await the Bank of England’s (BoE) monetary policy announcement on Thursday. Read More...

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