GBP/USD retreats below 1.2500 on strong US Services PMI, JOLTS data
The Pound Sterling rose to a new four-day peak of 1.2575 on Tuesday after posting its biggest gain in the last three days. The Washington Post revealed that US President-elect Donald Trump’s advisers considered applying tariffs to specific imports, weakening the Greenback, which of late was boosted after upbeat US data. The GBP/USD trades at 1.2495, down by 0.12%. Read More…
GBP/USD rises toward 1.2550 as US Dollar continues to correct downwards
GBP/USD continues to rise for the third consecutive day, trading near 1.2530 during Tuesday’s Asian session. The pair’s upward momentum is driven by a subdued US Dollar (USD). Later in the day, the US ISM Services Purchasing Managers Index (PMI) is set to be released. On Wednesday, markets will focus on the Minutes from the Federal Reserve’s (Fed) December policy meeting. Read More…
GBP/USD extends into a two-day win streak as Pound recovers
GBP/USD extended into its second day of gains in a row, kicking off the new trading week gaining seven-tenths of one percent and dragging bids back above the 1.2500 handle after last week’s bearish plunge below 1.2400. Purchasing Managers Index (PMI) figures missed the mark on both the UK and US sides. However, a general milieu of rising risk appetite kept safe-haven flows into the Greenback at bay. Read More…
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