GBP/USD Price Forecast: Bullish but Holds at 1.3000
The pound sterling pared losses against the US dollar, although it failed to reach the 1.3000 level for the second trading day. This has sharpened the return to the current exchange rate as the GBP/USD rate is 1.2981, just above 0.20% of the opening price. Read more…
Sterling rises ahead of UK budget, US jobs and economic data
The pound sterling (GBP) is gaining near the psychological resistance of 1.3000 against the US dollar (USD) during Monday’s North American session. GBP/USD is rising sharply as the US dollar falls, with investors focusing on a slew of US economic data this week. Read more…
GBP/USD Price Forecast: A bearish outlook remains in play below 1.2950
GBP/USD extends its decline to around 1.2945 during Monday’s early European session. The bullish US dollar (USD) is dragging the pair down in response to bets on less aggressive policy easing from the Federal Reserve (Fed). In the absence of key economic data from the UK and US, USD price dynamics will continue to play a key role in influencing the pair. Read more…
