The British pound is holding steady as political stability offsets the lack of growth in the UK
Sterling gained 0.11% on Tuesday, even as UK data showed the economy was slowing and the latest US jobs report showed job openings increased in May, according to the US Bureau of Labor Statistics. The GBP/USD rate is 1.3270. Read more…
The British Pound remains below 1.3250 following a downward revision to UK GDP
The British pound (GBP) gave up previous gains against the US dollar (USD) on Tuesday, following a downward revision to UK gross domestic product (GDP) data for the first quarter. GBP/USD is trading just above session highs at 1.3222 at the time of writing, after failing to break above last week’s trading range high at the 1.3270 area. Read more…
The British pound falls below 1.3250 on the stable path of BoE interest rates, investors are waiting for data from the US labor market
During the Asian trading hours on Tuesday, the GBP/USD pair loses its grip to around 1.3240. A potential enhance in interest rates by the United States Federal Reserve (Fed) provides some support for the US dollar (USD) against the British pound (GBP). US ADP payrolls data and US nonfarm payrolls (NFP) data will be the main topic of discussion at the end of the week. Read more…
