GBP/USD Remains Under Pressure Below 1.3100 Amid Strong US Dollar and Treasury Yields
GBP/USD continues to trade under bearish pressure, reaching its lowest level since August 22, below 1.3100. Despite an improving risk mood, the pair is weighed…
Posts Tagged: UK’s FTSE 100 Index
GBP/USD Rebounds Above 1.2700 Amid Improved Risk Sentiment
The GBP/USD pair has staged a recovery, trading above 1.2700 after hitting its lowest level since early July near 1.2670. This rebound is driven by…
GBP/USD Consolidates Above 1.2750 Amidst Positive Market Mood, Awaits US CPI Data
GBP/USD experienced a reversal and dipped towards the 1.2700 level after earlier rising above 1.2770 in the early American session. The US Dollar faced challenges…
GBP/USD Inches Lower to 1.2100 Amid Cautious Market Sentiment, Steady US PCE Inflation
Fear in the markets sent the British pound down against the dollar to a low of 1.2100. US annual PCE inflation data for September was…
GBP/USD Hovers Near 1.2850 Amid Market Indecision Ahead of BoE, US NFP
The GBP/USD currency pair near 1.2850 early Europe shows the market’s uncertainty ahead of the BoE policy decision and US non-farm payroll data. Despite a…
GBP/USD Falls Toward 1.2000 Amid Uncertainty, Fed Tightening
After Friday’s comeback, the GBP/USD currency pair started the week without a clear direction. The pair has been consolidating above 1.2000, and the short-term technical…
GBP/USD Struggles to Hold Slight Intraday Gains, Stands at 1.1670 Level
During Wednesday’s Asian trading session, the GBP/USD currency pair recorded losses from the past week settle around the lows for March 2020. Before ADP Employment…
GBP/USD Maintains Over 1.2200, Needs Bullish Conviction
After going as low as 1.2200, the GBP/USD currency pair is now going above 1.2250. As people feel better about taking risks, the US dollar…