Pound Sterling Price News and Forecast: GBP/USD retreats from three-month high, drops below 1.2800
GBP/USD Price Analysis: Retreats from three-month high, drops below 1.2800
The British Pound lost ground versus the US Dollar after hitting a three-month high of 1.2817 yet retreated below 1.2800 during the European session. Data from the United States showed the labor market is cooling yet keeping the Greenback in the driver’s seat. The GBP/USD trades at 1.2775, down 0.25%. Read More…
Pound Sterling remains feeble amid uncertainty ahead of US NFP
The Pound Sterling (GBP) corrects from the round-level resistance of 1.2800 against the US Dollar in Tuesday’s New York session. The GBP/USD pair falls after posting a fresh two-month high as the US Dollar (USD) recovers. The US Dollar rebounds as market sentiment turns cautious ahead of the United States Nonfarm Payrolls (NFP) data for May, which will be published on Friday. The labor market will provide fresh cues about when the Federal Reserve (Fed) will start reducing interest rates. Read More…
GBP/USD Price Analysis: Bulls have the upper hand above 1.2800, highest since March
The GBP/USD pair climbs to its highest level since March 14 during the Asian session on Tuesday, albeit struggles to capitalize on the move and is currently placed just above the 1.2800 mark. The near-term bias, meanwhile, seems tilted in favor of bullish traders in the wake of the prevalent selling bias surrounding the US Dollar (USD). Read More…
