British Pound holds range as USD strength meets Fed doubts
The Pound Sterling steadies during the North American session, as the week begins in a risk-off mood, as evidenced by overall US Dollar strength in the FX markets, even though soft jobs data and trimmed hawkish Fed bets for the rest of the year. At the time of writing, the GBP/USD trades at 1.3357 after reaching a daily low of 1.3328. Read More…
British Pound rallies back closer to multi-year top as carry trade and fiscal woes hit JPY
The GBP/JPY cross gains strong follow-through positive traction for the second successive day and rallies to mid-216.00s during the early European session on Monday, back closer to a multi-year peak set in late April. Read More…
GBP/USD Price Forecast: Pound dips below 1.3350 with bullish momentum losing steam
The British Pound (GBP) ticks lower against the US Dollar (USD) Monday, attempting to close a seven-day rally, as tensions rise again in the Strait of Hormuz, one of the critical points in the peace process between Washington and Tehran. The GBP/USD pair trades near 1.3340 at the time of writing, down from 1.3387 highs last week, although it maintains a near-term bullish trend intact. Read More…
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