GBP/USD Price Analysis: Sharply above 1.2750 as Buyers Gain Momentum
Sterling rose sharply against the US dollar after a dismal reading of the ISM services PMI, which raised the possibility that the Federal Reserve will cut interest rates at least once in 2024. GBP/USD is trading at 1.2772, up 0.69%. Read more…
Sterling rose sharply to 1.2770 after frail US private payrolls and services PMI
The British Pound (GBP) rose sharply to nearly 1.2770 in New York on Wednesday after rebounding sharply from a three-day low of 1.2615 on Tuesday. The GBP/USD pair is showing strength as the US Dollar (USD) is diving as the United States (US) ISM Services Purchasing Managers Index (PMI) shrinks and ADP private payrolls unexpectedly fall in June. Read more…
GBP/USD holds below 1.2700, US data/FOMC minutes expected as impulse
GBP/USD is struggling to build on a robust overnight bounce from the 1.2615 multi-day low and is trading in a tight range during Wednesday’s Asian session. Spot prices remain contained within the familiar range they have maintained for the past two weeks and are currently trading just below the 1.2700 round-robin level. Read more…
