Pound Sterling Price News and Forecast: GBP/USD has found a cushion as the DXY has extended its correction

GBP/USD Price Analysis: Finds demand below 1.2350 as USD Index drops

The GBP/USD pair has sensed a buying interest after dropping below 1.2340 in the Asian session. On Monday, the Cable witnessed selling pressure after failing to sustain above the round-level resistance of 1.2400. The major has shown a rebound amid a correction in the US Dollar Index (DXY) below 101.80, however, the downside bias for Cable is still solid amid overall pessimism in the market. Read more…

GBP/USD bears attack 1.2350 as US Dollar traces firmer yields with amid cautious mood

GBP/USD holds lower grounds after a two-day downtrend, making rounds to 1.2350 during early Tuesday morning in Asia. In doing so, the Cable pair takes clues from the broad US Dollar rebound as the market mood sours ahead of the key data/events. Adding strength to the quote’s from the key 1.2450 hurdle could be the economic problems and challenges for the UK policymakers. Read more…