fxs_header_sponsor_anchor

Pound Sterling Price News and Forecast: GBP/USD edges lower to near 1.2650

GBP/USD edges lower to near 1.2650 as latest US inflation report keeps Fed on alert

GBP/USD holds losses as the US Dollar (USD) advances as the latest US inflation report indicated solid growth in consumer spending for October, but it also highlighted a stagnation in progress toward lowering inflation, keeping the Fed on alert. The GBP/USD pair edges lower to near 1.2660 during the Asian trading hours on Thursday. US markets may witness thin trading activity due to the Thanksgiving holiday on Thursday, to be followed by shortened trading hours on Friday. Read More...
 

GBP/USD recovers ground as markets tilt into risk-on sentiment

GBP/USD finally broke back above 1.2600 on Wednesday, propelled higher by a broad-market softening in the Greenback’s recent bullish stance. Economic data remains slim on the UK side of the calendar, and following Wednesday’s broad print of US figures that came in broadly as expected, markets are set for a quiet showing for the rest of the week. Read More...

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...
 

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.