Pound Sterling Price News and Forecast: GBP/USD climbs yet remain contained below 1.2600
GBP/USD Price Analysis: Climbs yet remain contained below 1.2600
The Pound Sterling gains traction against the US Dollar and climbs above the 200-day moving average (DMA) of 1.2541 in early trading during the North American session. At the time of writing, the GBP/USD trades at 1.2566, up by 0.36%. Read More…
Pound Sterling adds more gains ahead of UK employment, US inflation data
The Pound Sterling (GBP) remains well-supported above the psychological support of 1.2500 against the US Dollar (USD) in Monday’s New York session. The GBP/USD pair holds firmly as the US Dollar fails to recover losses driven by higher-than-expected Initial Jobless Claims for the week ending May 3, which raised concerns over the health of the United States labor market. Read More…
GBP/USD hovers above 1.2500, focus on UK labor data scheduled for Tuesday
GBP/USD edges higher to near 1.2520 during the Asian session on Monday, possibly due to improved risk appetite. The Pound Sterling (GBP) was bolstered by releasing higher-than-expected UK Gross Domestic Product (GDP) figures on Friday. The UK economy expanded by 0.6% in Q1, surpassing forecasts and signaling the end of the nation’s brief recession. This economic rebound represented the most robust growth seen in over two years. Read More…