Pound Sterling Price News and Forecast: GBP/USD holds steady as US data leaves Fed rate cut uncertainty
GBP/USD Price Forecast: Holds steady as US data leaves Fed rate cut uncertainty
The GBP/USD seesawed during the North American session as softer US jobs data increased. This kept investors uncertain of a 50—or 25-basis-point rate cut by the Fed at the September 17-18 meeting. The pair trades at 1.3172, virtually unchanged. Read More…
Pound Sterling falls back below 1.3200 on fewer-than-estimated US NFP growth
The Pound Sterling (GBP) falls sharply after posting a fresh weekly high above the round-level resistance of 1.3200 against the US Dollar (USD) in Friday’s North American session. The GBP/USD pair drops as the US Dollar bounces back strongly in the aftermath of the United States (US) Nonfarm Payrolls (NFP) data for August. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, bounces back strongly to near 101.40 after declining to near 100.60. Read More…
GBP/USD gathers strength above 1.3150, US NFP data looms
The GBP/USD pair trades in positive territory for the third consecutive day around 1.3180 on Friday during the Asian trading hours. The persistent US Dollar (USD) weakness provides some support to the major pair. Market players will closely monitor the US August Nonfarm Payrolls (NFP) data, which is due later on Friday. Read More…