fxs_header_sponsor_anchor

Pound Sterling Price News and Forecast: GBP/USD climbs to three-day peak, approaches 1.3000

GBP/USD Price Forecast: Climbs to three-day peak, approaches 1.3000

The Pound Sterling recovered some ground and traded at around three-day highs of 1.2998 yet remained unable to crack the 1.3000 figure at the time of writing. Market mood has improved slightly, a headwind for Greenback, which, despite that, is headed to sustain weekly gains of more than 0.50%. Read More...

Pound Sterling gains further on BoE Mann's hawkish remarks

The Pound Sterling (GBP) rises further near the psychological resistance of 1.3000 against the US Dollar (USD) in Friday’s New York session. The GBP/USD pair gains as the US Dollar extends its correction after the release of the United States (US) Durable Goods Orders data for September. The US Dollar Index (DXY), which gauges Greenback's value against six major currencies, tests territory below 104.00. New orders for core goods contracted at a steady pace of 0.8% in September, however, the pace of decline was slower than expectations of 1.0%, pointing to a steady market for durable goods. Read More...

GBP/USD rebounds despite UK PMI miss

GBP/USD recovered some much-needed ground on Thursday, climbing 0.4% as Cable bidders grapple with keeping price action north of the 1.2900 handle. UK Purchasing Managers Index (PMI) figures broadly missed the mark early Thursday, but both the Services and Manufacturing PMI components held north of contraction territory below 50.0. Read More...
 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.