Pound Sterling Price News and Forecast: GBP/USD struggles at 1.2400

GBP/USD struggles at 1.2400 and stumbles toward 1.2360 on US data, dismal UK retail sales

GBP/USD dipped as the release of US economic data bolstered the US Dollar (USD), which is staging a comeback after being battered throughout the week. Furthermore, dismal retail sales reported in the United Kingdom (UK) were another reason to dump the Pound Sterling (GBP). At the time of writing, the GBP/USD exchanges hands at 1.2362, down by 0.25%. Read More…

GBP/USD struggles for a firm intraday direction, hovers around 1.2400 ahead of US GDP

The GBP/USD pair continues with its struggle to gain any meaningful traction and extends its rangebound price action heading into the North American session. The pair is currently placed just below the 1.2400 mark, awaiting a fresh catalyst before the next directional move. Read More…

GBP/USD faces a tough hurdle at 1.2500 – UOB

Further upside could motivate GBP/USD to challenge the key barrier at 1.2500 in the short term suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More…