GBP/USD Price Forecast: Falls deeper below 1.3000 on strong US Dollar
The Pound Sterling dropped from around 1.2980 on Friday as the Greenback recovered some ground following Thursday’s losses. Risk aversion has seen flows into the buck; hence, the GBP/USD trades at 1.2938, down over 0.37%. Read More…
Pound Sterling ticks down even though BoE signals gradual rate-cut cycle
The Pound Sterling (GBP) trades lower against the US Dollar (USD) below the psychological resistance of 1.3000 in Friday’s North American session. The GBP/USD weakens slightly as the US Dollar rebounds after a sharp correction on Thursday. The US Dollar Index (DXY), which gauges Greenback’s value against six major currencies, trades in a tight range near 104.50. Read More…
GBP/USD Price Forecast: Faces rejection near 100-day SMA, holds above mid-1.2900s
The GBP/USD pair struggles to build on the previous day’s positive move and faces rejection near the 100-day Simple Moving Average (SMA) during the Asian session on Friday. Spot prices currently trade around the 1.2965-1.2960 region, down 0.15% for the day amid a modest US Dollar (USD) uptick, though the downside seems limited on the back of the Bank of England’s (BoE) hawkish stance. Read More…
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