Pound Sterling Price News and Forecast: GBP/USD may decline toward 1.3400

FXStreet Team FXStreet

Pound Sterling underperforms US Dollar despite US government shutdown

The Pound Sterling (GBP) trades 0.4% lower to near 1.3420 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair faces selling pressure as the US Dollar rebounds strongly despite growing risks that the White House would be forced to make mass lay-offs in the wake of a partial United States (US) government shutdown. Read more...

GBP/USD may decline toward 1.3400 – UOB Group

Pound Sterling (GBP) may decline toward 1.3400; a clear break below this level appears unlikely. In the longer run, GBP is likely to trade in a range between 1.3360 and 1.3525, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. Read more...

GBP/USD sticks to losses below mid-1.3400s on firmer USD; lacks follow-through

The GBP/USD pair struggles to capitalize on Friday's strong move up and opens with a bearish gap at the start of a new week amid a broadly firmer US Dollar (USD). Spot prices, however, lack follow-through selling and seem to have stabilized below mid-1.3400s, still down over 0.30% for the day. Read more...

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