Pound Sterling Price News and Forecast: GBP/USD tumbles as weak set of UK labor data boosts BoE dovish bets

Pound Sterling tumbles as weak set of UK labor market data boosts BoE dovish bets

The Pound Sterling (GBP) faces a sharp selling pressure against its peers on Tuesday after the United Kingdom (UK) Office for National Statistics (ONS) reported that the labor market cooled down in three months ending April.Read More...

UK Unemployment Rate climbs to 4.6% in the quarter to April as expected

The United Kingdom’s (UK) ILO Unemployment increased to 4.6% in the three months to April after reporting 4.5% in the quarter to March, data published by the Office for National Statistics (ONS) showed on Tuesday.Read More...

GBP/USD Price Forecast: Hovers around 1.3550, support appears near nine-day EMA

The GBP/USD pair retraces its recent gains, trading around 1.3540 during Asian hours on Tuesday. The technical analysis of the daily chart indicates a persistent bullish bias as the pair moves upwards within an ascending channel pattern.Read More...