Pound Sterling Price News and Forecast: GBP/USD erases gains as bears move in post-weak US data
GBP/USD Price Analysis: Erases gains as bears move in post-weak US data
The Pound Sterling erased earlier gains during Monday’s session against the Greenback, even though US economic data showed the economy is slowing down. Per the market’s reaction to the data, it could be seen that worries about a recession in the US loom as US equities tumbled, along with the US Dollar, as market participants await US jobs data on Friday. The GBP/USD trades at 1.2643, down 0.01%. Read More…
Pound Sterling holds gains as Fed likely cut rates in September
The Pound Sterling (GBP) performs strongly against its major peers in Monday’s New York session. The British currency strengthens as investors remain uncertain about when the Bank of England (BoE) will start reducing interest rates. Read More…
GBP/USD Price Analysis: The potential support level is located near 1.2600
The GBP/USD pair attracts some buyers around 1.2680 during the early European session on Monday. The decline of the Greenback after softer US Personal Consumption Expenditures (PCE) Price Index data creates a tailwind for the major pair. Investors will keep an eye on the US ISM Manufacturing PMI for June on Monday. The general election in the United Kingdom is scheduled for Thursday. Read More…
