GBP/USD falls to six-month lows near 1.2550 ahead of PMI figures from both economies
GBP/USD extends its losses for the third successive session, trading around 1.2580 during the Asian hours on Friday. This downside is attributed to the stronger US Dollar (USD) as traders continued to evaluate the Federal Reserve’s (Fed) monetary policy outlook following the unexpected drop in US Initial Jobless Claims. Read More…
GBP/USD finds fresh six-month low on Thursday
GBP/USD shed another four-tenths of a percent on Thursday, tapping the pair’s lowest bids in six months as the Pound Sterling’s underlying weakness drags the pair further into the low end against the Greenback. Market pressures are coiling ahead of Friday’s key prints that are due on both sides of the pond to wrap up an otherwise low-impact week. Read More…
GBP/USD Price Forecast: Drops on risk-aversion, sellers eye 1.2600
The Pound Sterling tumbled against the US Dollar early during the North American session as traders digested the escalation of the Russia-Ukraine conflict, the result of the US Presidential Elections, and hot UK inflation data. The GBP/USD trades at 1.2624, down 0.21%. Read More…
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