Pound Sterling dives against US Dollar as US Jobless Claims dip
The Pound Sterling (GBP) plunges to near 1.2400 against the US Dollar (USD) at the start of the year, the lowest level seen in more than eight months. The GBP/USD pair faces an intense sell-off as the US Dollar Index (DXY) refreshes a more-than-two-year high at around 108.90. Read More…
GBP/USD weakens to near 1.2500 on BoE dovish bets for 2025
The GBP/USD pair remains on the defensive around 1.2510 on Thursday during the Asian session, pressured by the stronger US Dollar (USD) broadly. The prospect that the Federal Reserve will slow the easing cycle this year supports the Greenback against the Pound Sterling (GBP). Read More…
GBP/USD Price Forecast: Tests nine-day EMA above descending channel near 1.2550
GBP/USD retraces its recent losses, trading around 1.2550 during the European hours on Tuesday. The daily chart analysis suggests a weakening bearish bias as the pair is positioned above the upper boundary of the descending channel pattern. Read More…
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