GBP/USD Price Analysis: Posts Weekly Losses, Non-directional Below 1.2650
GPB/USD remains frail in North America on Friday following a positive UK GDP report, but a rise in the Fed’s preferred inflation gauge, the PCE price index, held the key currency back, trading at 1.2642, virtually unchanged. Read more…
Sterling is rising as US core inflation is expected to decline
The pound sterling (GBP) is gaining against the US dollar (USD) during Friday’s trading session in New York. GBP/USD is rising slightly on the expected decline in the US Personal Consumer Expenditures (PCE) Core Price Index in May. Read more…
GBP/USD Price Analysis: Remains Vulnerable Near Monthly Lows, US PCE Data Expected
GBP/USD extends overnight slow pullback from the 1.2670 region and trades with a subtle negative bias during the Asian session on Friday. Spot prices are currently hovering around the 1.2635-1.2630 area and remain within range of the lowest level since mid-May, which was reached on Thursday. Read more…
