Pound Sterling Price News and Forecast: GBP/USD consolidates above 1.3450

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GBP/USD consolidates above 1.3450 with muted reaction to US inflation data

The British Pound (GBP) trades under pressure against the US Dollar (USD) on Friday, snapping a three-day winning streak as the Greenback holds firm. GBP/USD is finding a footing above 1.3450 during the American session, stabilizing after the release of the US Personal Consumption Expenditures (PCE) Price Index for July, which came broadly in line with expectations. Read More...

Pound Sterling trades lower against US Dollar ahead of US PCE inflation

The Pound Sterling (GBP) corrects to near 1.3455 against the US Dollar (USD) during the European trading session on Friday. The GBP/USD pair retreats after a three-day winning streak as the US Dollar trades marginally higher ahead of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for July, which will be published at 12:30 GMT. Read More...

GBP/USD Price Forecast: Tests the confluence zone around 1.3500, nine-day EMA support

The GBP/USD pair halts its three-day winning streak, trading around 1.3500 during the Asian hours on Friday. The bullish bias prevails as the daily chart’s technical analysis suggests that the pair remains within the ascending channel pattern. Read More...

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GBP/USD defends 1.3300 after strong UK PMI data

Following Thursday's sharp decline, GBP/USD clings to small gains above 1.3300 in the American session on Friday, supported by the upbeat UK Retail Sales and July PMI data. Nevertheless, the pair's upside remains capped as investors cling to a cautious stance amid a further escalation of tensions in the Middle East. The US July PMI data failed to trigger relevant price action.

EUR/USD remains below 1.1400 after mixed US PMIs

EUR/USD pressures daily lows below the 1.1400 mark in the American session on Friday. Mixed S&P Global PMIs, as manufacturing output contracted while services activity expanded in July, triggered no relevant market reaction. The focus remains in Middle East developments and inflation-related concerns.

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