Pound Sterling Price News and Forecast: GBP/USD ascends on weak US Dollar, bulls eye daily close above 1.2800

July 5, 2024 5:37 pm

GBP/USD Price Analysis: Ascends on weak US Dollar, bulls eye daily close above 1.2800

The GBP/USD registered decent gains of more than 0.20% on Friday after June’s US jobs data showed the economy added more jobs than expected, though a revision lower of April and May’s figures hinted the labor market weakened further. The major trades at 1.2790, above its opening price, after hitting a daily low of 1.2752. Read More…

Pound Sterling holds gains built on UK Labour Party victory, slower US wage growth

The Pound Sterling (GBP) exhibits sheer strength against major peers, except the Japanese Yen (JPY), in Friday’s American session. The British currency performs strongly as United Kingdom (UK) Prime Minister Rishi Sunak-led-Conservative Party suffered a defeat after remaining in power since 2010 from the Keir Starmer-led-Labour Party in parliamentary elections on Thursday. Read More…

Pound Sterling holds ground as Keir Starmer to be Britain’s next PM

The Pound Sterling (GBP) extends its winning streak on Friday as the Labour Party secures 410 out of 650 seats in parliament, according to the BBC. This result would provide Labour with a majority of around 170 seats, ending 14 years of increasingly tumultuous Conservative-led government. Read More…

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