GBP/USD Forecast: Pound Sterling holds above key support despite weak UK data

GBP/USD has managed to stage a rebound early Thursday earlier than going right into a consolidation part barely above 1.2100. The pair’s technical outlook exhibits that patrons stay uninterested and the US Dollar’s market valuation is more likely to drive the motion within the second half of the day. Read extra…

GBP/USD surrenders modest intraday beneficial properties, appears susceptible close to multi-week low

The GBP/USD pair attracts recent promoting within the neighborhood of mid-1.2100s on Thursday and retreats to the decrease finish of its every day vary in the course of the mid-European session. The pair is at the moment positioned beneath the 1.2100 mark and stays properly throughout the placing distance of an almost three-week low touched on Wednesday, with bearish nonetheless awaiting a sustained break beneath a technically vital 200-day SMA. Read extra…

GBP/USD eases from every day excessive post-UK GDP, holds above 1.2100 mark amid weaker USD

The GBP/USD pair attracts some shopping for on Thursday and reverses a significant a part of yesterday’s slide to an almost three-week low. The pair sticks to its intraday beneficial properties above the 1.2100 mark, although retreats a couple of pips in response to the weaker-than-expected UK macro data. Read extra…

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