GBP/USD stabilizes under the mid-1.3400s as traders watch for US jobs report
The GBP/USD currency pair is currently in a state of consolidation, hovering around 1.3435 during Friday’s Asian trading session. This level is just above the weekly low that was tested the day before. Traders seem somewhat passive at the moment, possibly opting to wait before making any major moves ahead of the eagerly awaited U.S. […]
GBP/USD declines under the mid-1.3400s as the USD strengthens amid geopolitical concerns.
GBP/USD Weekly Update The GBP/USD currency pair began the week with a minor bearish gap, hovering just under the mid-1.3400s during Asian trading hours, experiencing a slight decline of 0.10% for the day. Nevertheless, there hasn’t been much follow-through selling, and prices have managed to hold above last week’s lows, despite somewhat mixed economic indicators. […]
GBP/USD moves nearer to the mid-1.3400s as trade optimism weakens the safe-haven USD.
GBP/USD Currency Pair Overview GBP/USD is facing a challenge in gaining further purchases but begins the week on a positive note. The US-EU trade deal is boosting risk sentiment, weakening the USD, and providing support. Traders seem hesitant with upcoming central bank events and potential data releases from the US. The GBP/USD pair showed some […]