The GBP/USD pair remains flat above the mid-1.2100s during the Asian session on Thursday. In the absence of the top-tier economic data from the UK doc
GBP/USD Price Analysis: Remains flat above 1.2150, eyes on US Jobless Claims ket, the major pair remains at the mercy of the US Dollar price dynamics. GBP/USD currently trades near 1.2160, gaining 0.21% on the day. That said, the rebound of the pair is supported by the weaker US Dollar following the softer US labor market data.
The US Dollar remains well within the striking distance of a nearly 11-month high touched on Tuesday in the wake of the Federal Reserve's hawkish view and turns out to be a key factor acting as a headwind for the GBP/USD pair. The USD did witness some profit-taking on Wednesday following the release of the weaker-than-anticipated ADP report, showing that private-sector employers added only 89K jobs in September.
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Pound Sterling Price News and Forecast: GBP/USD – Intraday and daily price signals are bullishAfter dipping to its lowest level since March below 1.2040 in the Asian session on Wednesday, GBP/USD gained traction and climbed above 1.2100. The te
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Pound Sterling Price News and Forecast: GBP/USD is seen consolidating in a narrow bandThe GBP/USD pair struggles to register any meaningful recovery and languishes near its lowest level since March 16, around the 1.2050 area touched the
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Pound Sterling Price News and Forecast: GBP/USD is seen consolidating in a narrow bandThe GBP/USD pair struggles to register any meaningful recovery and languishes near its lowest level since March 16, around the 1.2050 area touched the
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GBP/USD Price Forecast: Pound Plunges Towards 1.20The pound weakened against the USD after US Treasury yields rallied coupled with some hawkish Fed speak which will continue today.
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British Pound (GBP) Latest: GBP/USD Boosted by PMI Beat, Can It Hold?Sterling is picking itself up from multi-month lows against the US dollar, buoyed by a better-than-expected S&P services report and weak US ADP data.
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GBP/USD: Intraday and daily price signals are bullishGBP/USD traded to a new cycle low just under 1.2040 in early European trade but gained a cent from the intraday low. Economists at Scotiabank analyze
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