Pound Sterling Price News and Forecast: GBP/USD struggles to extend rebound

FXStreet Team FXStreet

GBP/USD Forecast: Pound Sterling struggles to extend rebound

GBP/USD posted gains for the second consecutive day on Friday but ended up closing the week in negative territory. The pair stays relatively quiet in the European session on Monday and trades in a narrow band slightly above 1.2750.

Several news outlets reported over the weekend that Israel was on high alert, expecting an imminent from Iran. Meanwhile, Israel Defense Forces said that intercepted about 30 "projectiles" that were crossing from Lebanon into northern Israel. Read more...

GBP/USD Weekly Forecast: Pound Sterling could determine next direction after UK and US CPI readings

The Pound Sterling (GBP) extended its downside momentum against the US Dollar (USD), dragging GBP/USD below the 1.2700 mark before buyers jumped back in the game toward the end of the week.

GBP/USD emerged as a tale of two halves, as it extended the previous week’s losing streak in the early part of the week only to stage an impressive comeback in the second half. This time around, the primary driver behind the Pound Sterling’s price action was risk sentiment, which significantly impacted the higher-yielding currency. Read more...

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