Pound Sterling Price News and Forecast: GBP/USD extends losing streak as strong US PMI fuels Dollar strength

FXStreet Team FXStreet

GBP/USD extends losing streak as strong US PMI fuels Dollar strength, Jackson Hole in focus

The British Pound (GBP) extends its decline for the fourth consecutive day against the US Dollar (USD) on Thursday, with GBP/USD slipping below the 1.3450 level. At the time of writing, the pair is trading near 1.3435, weighed down by a stronger Greenback and diverging economic signals. Read More...

Pound Sterling rises on strong flash UK PMI numbers

The Pound Sterling (GBP) attracts bids against its major peers on Thursday after the release of the upbeat preliminary United Kingdom (UK) S&P Global Purchasing Managers’ Index (PMI) data for August. The report showed that the Composite PMI rose at a faster pace to 53.0, compared to expectations of 51.6 and the prior reading of 51.5. Read More...

GBP/USD softens to near 1.3450 ahead of UK/US PMI releases

The GBP/USD pair drifts lower to around 1.3450 during the Asian trading hours on Thursday, pressured by a modest rebound in the US Dollar (USD). Traders await the preliminary reading of S&P Global Purchasing Managers Index (PMI) for August from the United Kingdom (UK) and the United States (US), which are due later on Thursday. On Friday, all eyes will be on the Fed’s annual Jackson Hole symposium. Read More...

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