GBP/USD outlook: Cable remains constructive
Cable edged higher early Monday and pressure pivotal barrier at 1.3350 (Fibo 61.8% of 1.3423/1.3232 pullback / former recovery peak of Apr 24).
Series of higher lows since 1.3232 correction low, with fresh recovery being tracked by ascending 10DMA add to near term bullish bias, with sustained break of 1.3350 needed to confirm that corrective phase is over, and larger bulls look for fresh attack at key 1.3434 barrier (2024 top). Read more…
GBP/USD Forecast: Pound Sterling sellers turn hesitant on US-China uncertainty
GBP/USD closed marginally lower on Friday but ended up posting small weekly gains. The pair holds its ground in the European session on Monday and trades above 1.3300.
Markets adopt a cautious stance to start the week amid mixed headlines surrounding the US-China trade conflict. As a result, the US Dollar (USD) struggles to outperform its rivals and allows GBP/USD to keep its footing. Read more…
GBP/USD Weekly Outlook: Pound Sterling stands resilient to Trump’s tariff play
GBP/USD mainly remained at the mercy of the US Dollar dynamics, induced by US President Donald Trump’s erratic tariff moves and some flickers of optimism on surprisingly resilient US corporate earnings.
The Greenback yo-yoed wildly this week, tumbling nearly 1% against its major rivals at the start of the week on Monday after Trump threatened to fire Fed Chair Jerome Powell for not lowering interest rates quickly enough, only to surge 1.5% a day later as Trump softened his rhetoric about China and the independence of the US Federal Reserve. Read more…
