The GBP/USD rate falls as the US PPI increases, the risk for the Middle East increases
The pound sterling (GBP) fell about 0.10% on Friday as the dollar is supported by a report of high US inflation, which has prompted investors to price in a less dovish Federal Reserve (Fed). Increased risk in the Middle East also weighed on the GBP/USD pair, which is at 1.3469 at the time of writing. Read more…
GBP/USD Price Forecast: 20-Day EMA Provides Key Barrier, Drop Likely Below 1.3430
The pound sterling (GBP) rose slightly to near 1.3500 against the US dollar (USD) during Friday’s European trading session. The GBP/USD pair is gaining ground while the US dollar is falling amid falling United States (US) Treasury yields. The yield on 10-year US bonds fell to nearly 4%, the lowest level in over a year. Read more…
Pound sterling struggles to attract buyers amid UK political drama and BoE easing
The GBP/USD pair is struggling to recover from the overnight moderate rebound from the 1.3445 area, the weekly low, and is oscillating in a narrow band during Friday’s Asian session. Spot prices are currently just below the psychological mark of 1.3500, almost unchanged on the day and seem vulnerable to further decline. Read more…
