GBP/USD Price Forecast: Surges to four-day peak, above 1.2600
The Pound Sterling rallied to a four-day peak against the US Dollar at 1.2667 as market participants shrugged off Trump’s tariffs threats, which sparked a flight to safety on Tuesday. At the time of writing, the GBP/USD trades at 1.2646, above its opening price by 0.64%. Read More…
Pound Sterling soars against US Dollar after slew of US data release
The Pound Sterling (GBP) surges to near 1.2670 against the US Dollar (USD) in Wednesday’s North American session. The GBP/USD pair rallies as the US Dollar plummets after the release of bulk United States economic data. The US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, dives to near 106.00. Read More…
GBP/USD strengthens above 1.2550 ahead of US PCE inflation data
The GBP/USD pair trades on a stronger note near 1.2570 on Wednesday during the early European session. The Pound Sterling (GBP) consolidates despite US President-elect Donald Trump announcing more tariff measures. Traders brace for the release of US October Core Personal Consumption Expenditures (Core PCE) – Price Index for fresh impetus. Read More…
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