GBP/USD hits two-week high, looks to build on momentum beyond 1.2500 mark
The GBP/USD pair attracts fresh buying following an intraday dip to the 1.2445 region and build on its steady intraday ascent through the early North American session. The uptick, marking the third successive day of a positive move, pushing spot prices to a two-week high, around the 1.2515-1.2520 region in the last hour – though it lacks bullish conviction. Read more...
GBP/USD gathers strength for a sustainable move above 1.2500
The GBP/USD pair is consolidating near the psychological resistance of 1.2500 in the Asian session. The Cable is gathering strength for a sustained breakout above 1.2500 after a few failed attempts. Rising expectations of more interest rate hikes from the Bank of England (BoE) to arrest double-digit stubborn inflation are fueling fresh blood into the Pound Sterling. Read more...
GBP/USD bulls reaching for a close above 1.2500
GBP/USD is flat in Tokyo following an impressive rally on Thursday in a continuation of the short squeeze. The bulls reached the prior resistance around 1.2500 and sit there currently waiting for a fresh impetus sat not far off a 10-month peak. Read more...
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