GBP/USD nears multi-week highs, eyes on 1.3000
The Pound Sterling advances as the Greenback weakens, testing last week's high of 1.2987. Investors eye crucial monetary policy decisions by the US Federal Reserve (Fed) and the Bank of England (BoE). The GBP/USD trades at 1.2975, up 0.31%. Read More...
Pound Sterling rises against US Dollar ahead of Fed-BoE monetary policy
The Pound Sterling (GBP) jumps to near 1.2970 against the US Dollar (USD) at the start of the week. The GBP/USD pair rises as the US Dollar Index, which tracks the Greenback's value against six major currencies, declined to near 103.50. The USD Index weakens while investors await the monetary policy decision from the Federal Reserve (Fed) and the Bank of England (BoE), which will be announced on Wednesday and Thursday, respectively. Both the Fed and the BoE are expected to keep interest rates steady. Read More...
GBP/USD Price Forecast: Moves below 1.2950 toward nine-day EMA
The GBP/USD pair extends its losing streak for the third successive session, trading around 1.2940 during the Asian hours on Monday. Technical analysis of the daily chart suggests a continued bullish bias, with the pair moving upwards within an ascending channel pattern. Read More...
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EUR/USD keeps the bullish tone around 1.1260
EUR/USD now manages to regain upside impulse and revisits the 1.1260 zone on Tuesday. The resurgence of the selling pressure continues to hurt the US Dollar amid fresh concerns over the US economy and unabated uncertainty stemming from the US trade policy.
GBP/USD turns positive around 1.3370
GBP/USD picks up renewed pace on Tuesday, leaving behind earlier daily lows near 1.3330 and refocusing on the 1.3360-1.3370 band amid a mild bearish tone in the Greenback. Meanwhile, investors continue to assess the recent Moody’s downgrade of US rating ahead of key UK inflation data on Wednesday.
Gold accelerates its advance, retargets $3,300
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Bitcoin fails to reach all-time high despite building institutional and state support
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