Pound Sterling Price News and Forecast: GBP/USD oscilates in low volumes around Friday’s high

GBP/USD corrected from the low 1.19s on Friday, denting the bear’s dominance ahead of a US holiday on Monday as traders squared up into the long weekend. At the time of writing, GBP/USD is trading near 1.2050 and remains in consolidation between the day’s low of 1.2014 and 1.2056. Read More…

The GBP/USD pair attracts some sellers near the 1.2055 area on Monday and stalls its recovery move from the lowest level since January 6 touched on Friday. Read More…

GBP/USD still risks a deeper pullback as well as 1.2100 caps the upside, note Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Read More…