Pound Sterling Price News and Forecast: Pound Sterling falls back after strong US ISM Services PMI report
Pound Sterling falls back after strong US ISM Services PMI report
The Pound Sterling (GBP) drops from 1.2800 against the US Dollar (USD) in Wednesday’s American session. The GBP/USD pair comes under pressure as the US Dollar extends recovery after the release of the stronger-than-expected United States (US) Institute for Supply Management’s (ISM) Services Purchasing Managers Index (PMI) data for May. Read More…
GBP/USD Price Analysis: Stays firm after strong US data, bears eye 1.2700
The GBP/USD is virtually unchanged in early trading during the North American session, following the release of the Institute for Supply Management (ISM) Services PMI, which showed the economy remains resilient, expanded in May above estimates and the previous month’s reading, contrarily to manufacturing activity. Therefore, the major trades at 1.2768, almost flat. Read More…
GBP/USD Price Analysis: Remains close to over two-month peak, bullish potential intact
The GBP/USD pair trades with a mild positive bias around the 1.2775-1.2780 area during the Asian session on Wednesday and remains well within the striking distance of its highest level since March 14 touched the previous day. Read More…
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