Pound Sterling Price News and Forecast: GBP/USD stays firm despite retreating at 1.2800 as bears loom
GBP/USD Price Analysis: Stays firm despite retreating at 1.2800 as bears loom
The British Pound demonstrated its resilience against the Greenback on Tuesday, maintaining its gains as traders in the UK and the US returned after a long weekend. The GBP/USD is currently trading at 1.2786, showing a steady increase of 0.14% from its daily high of 1.2800. Read More…
Pound Sterling rallies to 1.2800 on cheerful market sentiment
The Pound Sterling (GBP) captures the round-level resistance of 1.2800 in Tuesday’s New York session. The strength in the GBP/USD pair is driven by the upbeat Pound Sterling, which capitalizes on risk-on sentiment and deepening uncertainty about when the Bank of England (BoE) will start reducing interest rates. Read More…
GBP/USD consolidates its upside above 1.2750, investors await fresh catalysts
The GBP/USD pair consolidates its upside around 1.2770 after reaching two-month highs during the early Asian session on Tuesday. The USD Index (DXY) remains under some selling pressure at around 104.60, which provides some support to the major pair. Traders await the US Conference Board’s Consumer Confidence, FHFA’s House Price Index, along with the Fed’s Neel Kashkari, Mary Daly, and Lisa Cook speeches later on Tuesday. Read More…