Pound Sterling Price News and Forecast: GBP/USD seesaws around 1.2010s

The GBP/USD is subdued in the mid-North American session spurred by a jump in producer inflation in the United States (US). In contrast, Wednesday’s UK inflation data weakened the Pound Sterling (GBP) as inflation slowed. Hence, the GBP/USD is trading around the 1.2000/15 range, below its opening price. Read More…

The GBP/USD pair attracts fresh selling following an intraday move up to the 1.2075 area and drops to a fresh daily low during the early North American session. The pair slips back below the 1.2000 psychological mark in the last hour and is now seen flirting with the weekly low touched on Wednesday. Read More…

The GBP/USD pair gains some positive traction on Thursday and reverses a part of the previous day’s slide to levels just below the 1.2000 psychological mark, or over a one-week low. The pair sticks to its modest intraday gains through the first half of the European session and is currently placed just above mid-1.2000s, albeit lacks follow-through. Read More…