Pound Sterling sets for fourth straight positive monthly close against US Dollar
The Pound Sterling (GBP) claws back some of its early losses against the US Dollar (USD) and recovers to near 1.3470 during Friday’s North American session. The GBP/USD pair rebounds as the US Dollar gives up a part of initial gains after a post from United States (US) President Donald Trump on Truth.Social signaled that trade tensions between Washington and Beijing have renewed. Read More…
GBP/USD Price Forecast: Trade below 1.3500; bullish bias remains ahead of US PCE data
The GBP/USD pair attracts fresh sellers following the previous day’s goodish rebound from the 1.3415 area, or the weekly low amid a modest US Dollar (USD) uptick. Spot prices currently trade around the 1.3475-1.3470 region, down 0.15% for the day, though the downside seems limited as traders might opt to wait for the release of the US Personal Consumption Expenditure (PCE) Price Index. Read More…
GBP/USD recovers 1.35 ahead of key US inflation data
GBP/USD made a choppy relief rally on Thursday, jumping back into the 1.3500 handle as markets gear up for the latest batch of United States (US) Personal Consumption Expenditure Price Index (PCE) inflation figures due on Friday. Read More…
