GBP/USD retreats below 1.3000 after hitting 4-month high amid Fed, BoE uncertainty
The Pound Sterling (GBP) is retreating during the North American session against the US Dollar (USD) after hitting a four-and-a-half-month high at 1.3000 before trimming earlier gains. At the time of writing, the GBP/USD trades at 1.2975, down 0.12%. Read More…
Pound Sterling strugges to extend upside against USD with Fed-BoE policy in focus
The Pound Sterling (GBP) faces slight selling pressure near the psychological figure of 1.3000 against the US Dollar (USD) in North American trading hours on Tuesday. The GBP/USD pair struggles to extend its upside as the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, finds buying interest near the five-month low of 103.20. Read More…
GBP/USD moves below 1.3000, downside seems limited as US Dollar remains vulnerable
GBP/USD retreats after gaining in the previous session, hovering around 1.2970 during Asian trading on Tuesday. The pair faces pressure as the US Dollar (USD) attempts to recover losses from the last two sessions. However, downside movement may be limited, as the Greenback remains vulnerable amid rising trade tensions and growing economic concerns in the United States (US). Read More…