The GBP/USD pair made a modest recovery on Friday, gaining around four-tenths of one percent and ending the first trading week of 2025 again above the 1.2400 level. UK macroeconomic and consumer credit data broadly missed the mark on Friday, but smaller data barely showed on the needle. On the U.S. side, the results of the U.S. business activity survey helped maintain bullish investor sentiment, keeping risk appetite high. Read more…

The pound sterling (GBP) remains near its lowest level in over eight months around 1.2400 against the US dollar (USD) during Friday’s North A session. GBP/USD is under pressure while the US dollar has extended its bull run as market participants expect fewer interest rate cuts from the Federal Reserve this year. Read more…

The GBP/USD currency pair struck a gentle chord on Thursday, falling more than one percent at the start of the novel trading season and breaking through the 1.2400 level for the first time in almost ten months. Market volumes remain featherlight after Wednesday’s New Year’s holiday, but incoming orders are definitely risk-limited. Read more…