GBP/USD Price Analysis: Subdued hovers around 1.2900
The Pound Sterling begins the week virtually flat against the Greenback on Monday, trading at around 1.2910 after hitting a daily high of 1.2942.
Over the weekend, political developments in the US saw President Joe Biden drop out of the presidential race and endorse Vice-President Kamala Harris. The effects are pending to be felt by the Forex markets, though Wall Street recovers ground. Read More…
Pound Sterling drops as US Dollar recovers, BoE rate-cut bets swell
The Pound Sterling (GBP) falls to near the round-level support of 1.2900 against the US Dollar (USD) in Monday’s American session. The near-term outlook of the GBP/USD pair has become uncertain after a corrective move from an annual high of 1.3044 recorded last Wednesday. The Cable faced selling pressure as improved speculation for Donald Trump winning United States (US) presidential elections this year prompted the US Dollar’s appeal. Read More…
GBP/USD Price Analysis: Holds position above 1.2900; next support at 14-day EMA
GBP/USD breaks its two-day losses, trading around 1.2920 in Monday’s Asian session. The analysis of the daily chart shows the pair lies within an ascending channel, signaling a bullish trend in the pair’s price movements. Read More…
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