GBP/USD slides toward 1.3370 as strong US data powers US Dollar rally
The British Pound loses ground against the Greenback on Thursday as solid economic data in the US, trump an upbeat Gross Domestic Product (GDP) report in the UK. At the time of writing, the GBP/USD trades at 1.3367, down 0.53%. Read More…
Pound Sterling weakens despite UK GDP reutrns to growth strongly
The Pound Sterling (GBP) trades lower against its major currency peers, falls 0.2% to near 1.3420 against the US Dollar (US) on Thursday, following the release of the United Kingdom (UK) monthly Gross Domestic Product (GDP) data for November. Read More…
GBP/USD Price Forecast: Eyes nine-day EMA barrier near 1.3450
GBP/USD remains steady for the second successive session, trading around 1.3430 during the Asian hours on Thursday. The momentum indicator 14-day Relative Strength Index (RSI) is at 51 (neutral) after retreating from overbought readings, indicating balanced momentum. Read More…
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