GBP/USD climbs to fresh 10-week highs on Wednesday
GBP/USD coasted into a fresh 10-week high on Wednesday, clipping the 1.2700 handle for the first time since mid-December as hopeful bulls bid Cable higher for no other reason than there doesn’t seem to be any bad news on the horizon, at least for now. Read More…
Pound Sterling edges lower against USD as US House passes Trump’s tax cut bill
The Pound Sterling (GBP) ticks lower to near 1.2660 against the USD in North American trading hours on Wednesday. The GBP/USD pair faces slight pressure as the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, has shown a strong recovery move after sliding to near the 11-week low of 106.10 earlier in the day. Read More…
GBP/USD Price Forecast: Tests 1.2650 support near nine-day EMA
The GBP/USD pair gives up part of its recent gains from the prior session, hovering around 1.2650 during Wednesday’s Asian session. Despite this pullback, technical analysis of the daily chart indicates a sustained bullish outlook, as the pair remains within an ascending channel pattern. Read More…
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