GBP/USD Forecast: Pound Sterling buyers could take action if 1.2600 hurdle is cleared
After failing to clear 1.2600 during the European trading hours on Tuesday, GBP/USD lost its traction and closed the day flat. Once again, the pair edges higher toward 1.2600 in the European session on Wednesday as investors gear up for the US data dump ahead of the Thanksgiving holiday.
Pound Sterling ranges against USD ahead of US heavy-data day
The Pound Sterling (GBP) trades in a very tight range below 1.2600 against the US Dollar (USD) in Wednesday’s London session. The GBP/USD pair consolidates as the US Dollar is sidelined ahead of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for October, which will be published at 13:30 GMT. Read more…
GBP/USD strengthens above 1.2550 ahead of US PCE inflation data
The GBP/USD pair trades on a stronger note near 1.2570 on Wednesday during the early European session. The Pound Sterling (GBP) consolidates despite US President-elect Donald Trump announcing more tariff measures. Traders brace for the release of US October Core Personal Consumption Expenditures (Core PCE) – Price Index for fresh impetus. Read more…
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