British Pound recovers ground amid soft USD, upbeat PMI, and tariff reprieve
The British Pound (GBP) edges higher against the US Dollar (USD) on Wednesday, paring Tuesday’s losses as the Greenback softens slightly ahead of key US labor market data. GBP/USD is seeing modest gains after the US Dollar rallied over 0.50% in the previous day, supported by stronger-than-expected JOLTS Job Openings figures that boosted confidence in the labor market. Read More…
GBP/USD remains above 1.3500 as US Dollar comes under pressure from “Sell America” trend
GBP/USD edges higher after registering losses in the previous session, trading around 1.3520 during the Asian hours on Wednesday. The pair may appreciate as the US Dollar (USD) attracts sellers under the “Sell America” trend amid rising tariff uncertainty, which could hurt growth in the US economy. Read More…
GBP/USD settles into a holding pattern just above 1.3500
GBP/USD trimmed bullish momentum on Tuesday, settling into slim chart churn just north of 1.3500. The Bank of England’s (BoE) latest Monetary Policy Report hearings before British parliament did little to galvanize Cable traders, and market sentiment is pinned in the middle as traders hope for a cooling of US-China trade tensions. Read More…
