Pound Sterling Price News and Forecast: GBP/USD likely to range-trade between 1.3470 and 1.3535

FXStreet Team FXStreet

Pound Sterling flattens against US Dollar ahead of key US data releases

The Pound Sterling (GBP) edges lower near 1.3490 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD is mildly under pressure as the US Dollar ticks up ahead of an array of United States (US) economic data, including ADP Employment Change and ISM Services Purchasing Managers’ Index (PMI) data for December, and the JOLTS Job Openings data for November, releasing in the North American session. Read more...

GBP/USD: Likely to range-trade between 1.3470 and 1.3535 – UOB Group

Pound Sterling (GBP) is likely to range-trade, most likely between 1.3470 and 1.3535. In the longer run, GBP could rise to 1.3590; the odds of a continued rise above this level are not high. Read more...

GBP/USD climbs above 1.3500 as US Dollar weakens ahead of ISM Services PMI

GBP/USD gains some ground after registering modest gains in the previous session, trading around 1.3510 during the Asian hours on Wednesday. The pair edges higher as the US Dollar (USD) struggles ahead of the US ISM Services Purchasing Managers’ Index (PMI) and JOLTs job openings due later in the day. Read more...

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EUR/USD eases to four-week lows near 1.1650

EUR/USD now loses further momentum and recedes to multi-week lows near 1.1650 on Thursday. The pair’s extra retracement comes on the back of the persistent bid tone in the US Dollar as investors continue to gear up for the release of the December NFP figures on Friday.

GBP/USD: Further weakness could challenge 1.3400

GBP/USD remains under unabated selling pressure on Thursday, slipping to fresh three-day lows around 1.3415 in response to further improvement in the sentiment surrounding the Greenback ahead of Friday’s key NFP data.

Gold bounces back to its comfort zone

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XRP slides as institutional and retail demand falters

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