GBP/USD crashes over 100 pips below 1.28 as trade war escalates
The Pound Sterling (GBP) plunges over 100 pips or 0.90% against the Greenback at the beginning of the week, driven by recession fears and hopes cut short that the White House could reconsider their position in trade policies over the weekend. The GBP/USD pair trades at 1.2763 after hitting a daily high of 1.2933. Read More…
Pound Sterling slumps as Trump tariffs send shockwaves to global economy
The Pound Sterling (GBP) gives up its intraday recovery move and tumbles to near 1.2800 against the US Dollar (USD) during Monday’s North American session, the lowest level seen in a month. The GBP/USD pair faces an intense sell-off as the US Dollar strives to gain ground, with the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, aiming to hold above 103.00. Read More…
GBP/USD bounces off one-month low, defends 200-day SMA and retakes 1.2900
The GBP/USD pair attracts some dip-buyers near the 1.2830 region, or over a one-month low touched during the Asian session on Monday and for now, seems to have stalled its retracement slide from a six-month peak touched last week. Spot prices currently trade around the 1.2900 round figure, though the uptick lacks bullish conviction amid the gloomier global economic outlook. Read More…
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