Pound Sterling holds its rebound from seven-month lows against the US Dollar
|GBP/USD Price Analysis: Pound Sterling looks vulnerable whilst below 1.2665
The Pound Sterling (GBP) is trading on the back foot against the US Dollar (USD), as the GBP/USD pair manages to hold above the 1.2600 level at the start of the week on Monday.
A negative shift in risk sentiment, despite easing Middle East geopolitical tensions, weighs on the higher-yielding Pound Sterling while the US Dollar struggles for traction amid the market’s nervousness ahead of Wednesday’s US Consumer Price Index (CPI) data. Read more...
GBP/USD Weekly Forecast: Pound Sterling looks to recover recent losses as focus shifts to US inflation
The Pound Sterling (GBP) failed to sustain the bounce against the US Dollar (USD), as the GBP/USD pair lost upside momentum once again when it tried to reach 1.2700.
GBP/USD broke its previous week’s consolidation to the downside and reached the lowest level in seven weeks near 1.2540 on Tuesday. The pair staged a rebound to hit a fresh two-week high shy of 1.2700 but buyers failed to sustain this momentum, pushing GBP/USD lower in the latter part of the week. Read more...
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