Pound Sterling (GBP) rises above 1.2400 against the US Dollar (USD) on Friday. GBP/USD gains as the US dollar emerges to end the week with its biggest losses in almost two months. The US Dollar Index (DXY), which tracks the Greenback against six major currencies, fell to nearly 107.60, its lowest level in over a month after United States (US) President Donald Trump signaled the need for immediate federal interest rate cuts Reserve (Fed) in its commentary at the World Economic Forum (WEF) on Thursday. Read more…

GBP/USD rises to near 1.2400 as Trump asks for rate cuts

GBP/USD extends its gains for the second straight year, trading around 1.2400 during Asian hours on Friday. The pair’s advantage can be attributed to US President Donald Trump’s remarks behind schedule Thursday. Read more…

GBP/USD deviates near familiar levels ahead of Friday’s PMI data

GBP/USD collapsed near the 1.3550 level on Thursday as cable traders functionally ignored the skinny economic calendar and lack of meaningful information to decisively push the pair in either direction. US President Donald Trump’s headlines have ruled the feed for most traders, but the broader impact on the market remains restricted as Trump struggles to pick an overall target. Read more…