GBP/USD trades with mild positive bias on softer USD, remains below 1.2700 mark
The GBP/USD pair attracts buyers for the second straight day on Tuesday amid a modest US Dollar (USD) downtick and climbs back closer to the 1.2700 mark during the Asian session. Spot prices, however, lack bullish conviction as investors opt to wait for the Bank of England’s (BoE) Monetary Policy Report Hearings before placing aggressive directional bets. Read More…
GBP/USD snaps losing streak ahead of UK CPI inflation
GBP/USD climbed 0.5% on Monday, kicking off the fresh trading week with a bullish recovery that ended a six-day losing streak and paring back recent losses to send price action back toward the 1.2700 handle. Gains in Cable bids are owing more to a general easing in one-sided Greenback momentum than any intrinsic strength in the Pound Sterling, with GBP traders hunkering down for this week’s fresh update in UK Consumer Price Index (CPI) inflation figures. Read More…
GBP/USD Price Forecast: Steadies at around 1.2600
The GBP/USD fluctuates, yet it remains virtually unchanged at the beginning of the week as UK traders await the release of UK inflation figures and Retail Sales data. In the meantime, aside from Fed speakers, a scarce economic docket in the US might pave the way for some consolidation on the major. The pair trades at 1.2628, flat. Read More…
Read the full article here
