GBP/USD Forecast: Pound Sterling struggles to clear key 1.2650-1.2660 resistance
GBP/USD gathered bullish momentum and climbed above 1.2650 for the first time in a week on Tuesday. The pair lost its traction later in the day but didn’t have a difficult time stabilizing above 1.2600. The near-term technical outlook doesn’t yet point to a buildup of bullish momentum and buyers are likely to remain hesitant unless the pair clears 1.2650-1.2660 resistance. Read more…
GBP/USD could edge up to 1.2670/1.2680 today – ING
GBP/USD struggles to to recover. Economists at ING analyze the pair’s outlook.
The Resolution Foundation has today released a report suggesting that UK Chancellor Jeremy Hunt has £23bn of fiscal headroom for stimulus at the 6 March budget. Read more…
GBP/USD: Gains through 1.2675/1.2685 should be positive – Scotiabank
GBP/USD nudges lower. Economists at Scotiabank analyze the pair’s outlook.
The GBP/USD pair has drifted back from the mid/upper 1.2600s where recent gains have peaked but a mild, short-term uptrend remains intact. Read more…
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