GBP/USD holds near 1.3380 after powerful data strengthening the US dollar
The British pound (GBP) falls against the US dollar (USD) during the North American session on Friday after hitting an intraday high of 1.3413, but this week’s solid US data confined sterling’s gain. GBP/USD is trading at 1.3380 and continues to move away from the 200-day key technical level SMA at 1.3405. Read more…
GBP/USD returns above 1.3400 as US dollar rally loses momentum
The pound is paring losses against the US dollar on Friday, with price action ahead of the US open trading back above 1.3400, up from Thursday’s lows near 1.3360. The pair is on track to end the week virtually unchanged after weakening by around 0.7% in the previous two weeks. Read more…
The pound sterling remains volatile against the US dollar
The pound sterling (GBP) is trading cautiously near a four-week low around 1.3360 against the US dollar (USD) during Friday’s European trading session. The GBP/USD pair is under pressure from the powerful US dollar (USD) amid expectations that the Federal Reserve (Fed) will pause its monetary easing campaign at its monetary policy meeting later this month. Read more…
