In Tuesday’s trading, the GBP/USD pair suffered a setback, trading at 1.2705 amidst a stabilizing US Dollar and an increasingly risk-averse market mood. No relevant reports were released during the session, and markets eagerly await Consumer Price Index (CPI) data figures from the last month of 2023 from the US on Thursday. Read More…
GBP/USD halts a four-day winning streak, trading lower near 1.2750 during the early European session on Tuesday. The GBP/USD pair is at a critical juncture, and the possibility of a break below the major level raises the potential for further downward pressure. The 21-day Exponential Moving Average (EMA) at 1.2684 serves as an immediate support level to monitor. Read More…
The GBP/USD pair traded in positive territory for the fifth consecutive day during the early Asian trading hours on Tuesday. Positive risk-on sentiment and a slight decline in the US Dollar (USD) are supporting the major pair’s uptick. At press time, GBP/USD is trading at 1.2759, up 0.05% on the day. Read More…
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