Pound Sterling Price News and Forecast: GBP/USD rebounds as Fed fate cut bets rise on weak US jobs data

FXStreet Team FXStreet

GBP/USD rebounds as Fed fate cut bets rise on weak US jobs data

The GBP/USD rallies for the second straight day, up by 0.12% following a dismal jobs report in the United States (US). The data prompted investors to price in a rate cut by the Federal Reserve at the upcoming September meeting. The pair trades at 1.3289, after bouncing off daily lows of 1.3253. Read More...

Pound Sterling trades firmly as Fed rate cut in September looks likely

The Pound Sterling (GBP) holds onto Friday’s gains around 1.3300 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair shows strength as the US Dollar (USD) licks its wounds following the sharp decline registered on Friday after the release of the United States (US) Nonfarm Payrolls (NFP) data for July. Read More...

GBP/USD Price Forecast: Resistance appears at 1.3300, near nine-day EMA

The GBP/USD pair moves sideways after registering more than 0.5% gains in the previous day, trading around 1.3280 during the Asian hours on Monday. The bearish bias prevails as the daily chart’s technical analysis suggests that the pair moves downwards within the descending channel pattern. Read More...

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