Pound Sterling Price News and Forecast: GBP/USD drops amid strong US Dollar
|GBP/USD drops amid strong US Dollar, lower rate hike BoE’s expectations
GBP/USD continued to drop late in the North American session following upbeat data in the United Kingdom (UK), but the market turned south as news emerging from Japan strengthened the greenback, which appreciated against most G7 currencies. The GBP/USD trades at 1.2851, losing 0012%, after hitting a daily high of 1.2904. Read More...
Pound Sterling rebounds swiftly as upbeat Retail Sales offset inflation softening
GBP/USD faces strong support around 1.2780 – UOB
While extra downside in GBP/USD remains on the cards, there is a strong support around 1.2780 according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Read More...
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