Pound Sterling Price News and Forecast: GBP/USD contracts into near-term midrange ahead of key UK and US data

FXStreet Team FXStreet

GBP/USD contracts into near-term midrange ahead of key UK and US data

GBP/USD pared recent gains on Wednesday, trimming back to the low side of the 1.3300 handle and falling back into a choppy near-term consolidation phase as investors buckle down for Thursday’s double feature of key data prints from both the United Kingdom (UK) and the United States (US). Read More...

GBP/USD slips modestly from weekly high as traders await UK GDP

The Pound Sterling (GBP) erases some of its earlier gains on Wednesday after reaching a weekly high of 1.3359, and edges down 0.03% amid a lack of catalysts as traders brace for the release of GDP figures for the United Kingdom (UK). At the time of writing, GBP/USD trades at 1.3293. Read More...

Pound Sterling outperforms US Dollar as US inflation cools down

The Pound Sterling (GBP) gains further to near 1.3350 against the US Dollar (USD) in Wednesday’s North American session. The GBP/USD pair extends Tuesday's recovery move as the US Dollar retraces further after the release of the softer-than-expected United States (US) Consumer Price Index (CPI) data for April on Tuesday. Read More...

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EUR/USD comes under pressure near 1.1640

EUR/USD now loses momentum and slips back to the 1.1640 zone as Wednesday’s session enters its final part.. The move came amid a late recovery in the Greenback as investors keep digesting the latest Retail Sales and Producer Price data.

GBP/USD trims gains, recedes toward 1.3420

Following its risk-linked peers, GBP/USD now faces some selling pressure and retreats toward the 1.3420 zone as US markets draw to a close on Wednesday. Moving forward, the British Pound is expected to closely follow Thursday’s data releases in the UK, including GDP figures.

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