GBP/USD eases from daily top on weaker UK data, hovers around 1.3100 ahead of US CPI – FXStreet
GBP/USD continues to attract buyers for the second consecutive day as the US Dollar weakens slightly. The intraday rally lost momentum after disappointing UK macroeconomic data releases. Any declines are likely to be limited as traders await the release of the key US Consumer Price Index (CPI) report. The GBP/USD pair gained follow-through positive traction […]
GBP/USD flat after UK labor market data, eyes on US CPI – FXStreet
GBP/USD remains under pressure around the 1.3050 region as cautious market sentiment masks a near-term recovery sparked by the UK employment data. US CPI data will be a focus on Wednesday. Markets will also be focused on the US presidential debate on Tuesday. The GBP/USD pair remains on the defensive, dropping towards 1.3050 during the […]
GBP/USD Price Forecast: Tumbles below 1.3200 as US Dollar recovers – FXStreet
Momentum in GBP/USD is in favor of sellers and they may target the July 17th high of 1.3043. Any further declines could result in a test of 1.3043. The next major support is the March 8th high at 1.2893. For an upside reversal to occur, buyers would need to push the pair above 1.3200 and […]
GBP/USD holds position around 1.3200 ahead of UK PM Starmer’s speech – FXStreet
GBP/USD rose slightly on rising market optimism due to easing tensions in the Middle East. San Francisco Fed President Daly has backed the idea of initiating a 25 basis point rate cut. British Prime Minister Starmer may stress that “change won't happen overnight”, but he is keen to tackle bigger problems. GBP/USD rose slightly after […]