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Pound Sterling Price News and Forecast: GBP/USD succumbs as market players buy US Dollars on weekly
GBP/USD succumbs as market players buy US Dollars on weekly, quarter, and monthly-end flows
The Pound Sterling (GBP) traded with decent losses in the mid-North American session, pressured by a resurgence of the US Dollar (USD), trimming its Thursday’s losses. Although inflation data could spur a pivot in the US Federal Reserve (Fed) policy stance, market participants buy the US Dollar as the weekly, monthly, and quarter-end looms. At the time of writing, the GBP/USD is trading at 1.2331. Read More...
GBP/USD recovers modest intraday losses post-US PCE Price Index, flat-lines below 1.2300
The GBP/USD pair reverses a dip to the 1.2355-1.2350 region and trades in the neutral territory during the early North American session on Friday. The pair, however, remains below over a two-month high touched this Friday and is currently placed around the 1.2380-1.2385 zone, nearly unchanged for the day. Read More...
GBP/USD holds above mid-1.2300s ahead of US PCE Price Index, touching range high
The GBP/USD pair comes under some selling pressure after touching over a two-month high, around the 1.2420-1.2425 area on Friday and maintains its offered tone through the first half of the European session. The pair is currently placed near the lower end of its daily trading range, around the 1.2370-1.2365 zone, down nearly 0.15% for the day. Read More...
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