Pound Sterling Price News and Forecast: GBP/USD bears in the market as profit taking kicks in

GBP/USD is flat in late New York trade, under pressure however, and falling away from 1.2467 highs as profit taking kicks in. GBP/USD has traveled between a low of 1.2404 and a high of 1.2467 so far. Read More…

The GBP/USD pair reverses an intraday dip to the 1.2400 round-figure mark and turns positive for the third successive day on Thursday. The pair, however, remain below the weekly high touched on Wednesday and trades around the 1.2450-1.2455 region, just below the weekly high touched on Wednesday. Read More…

The GBP/USD pair comes under some selling pressure on Thursday and retreats further from the weekly high, around the 1.2470-1.2475 area touched the previous day. The pair remains on the defensive through the early part of the European session and is currently placed near the daily low, around the 1.2420 region. Read More…