GBP/USD Price Analysis: The pair balances at critical levels
GBP/USD was trading in a narrower range of around 50 pips on Thursday having hit an 11-month high the prior day after the Federal Reserve raised rates but signaled an end to its tightening cycle is in sight. The technicals are left bullish, however, while on the front side of the weekly dynamic support line as the following will illustrate: Read More...
Pound Sterling inches towards 1.2600 following Lagarde's comments
The Pound Sterling (GBP) recovers year-to-date highs just short of 1.2600 against the US Dollar (USD) after hawkish comments from the President of the European Central Bank (ECB) Christine Lagarde on Thursday. After an initially bearish reaction to the ECB policy announcement the Euro – and Pound Sterling – recovered versus the US Dollar after Lagarde underscored the inflationary headwinds in the euro area during her press conference and the ECB's determination not stop tightening monetary policy to fend off future price rises. Read More...
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GBP/USD holds steady near its highest level since June 2022, above mid-1.2500s
The GBP/USD pair enters a bullish consolidation and oscillates in a narrow trading range just below its highest level since June 2022 touched this Thursday. The pair holds steady just above the mid-1.2500s through the early North American session, awaiting a fresh catalyst before the next leg of a directional move. Read More...
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