Pound Sterling Price News and Forecast: GBP/USD hits a three-week low below 1.2400 on robust US data
|GBP/USD hits a three-week low below 1.2400 on robust US data
GBP/USD prolongs its falls past the 1.2400 figure, reaching a new three-week low at around 1.2397, as the Pound Sterling takes a hit, taking advantage of a light economic calendar in the United Kingdom (UK). Fears of a possible default in the United States (US) are fading, as talks between US Congress leaders and the White House showed hope that an agreement would emerge before June 1. The GBP/USD is trading at 1.2423 after hitting a daily high of 1.2492. Read More...
GBP/USD Price Analysis: Hits fresh multi-week low, bears await a break below 50-day SMA
The GBP/USD pair comes under intense selling pressure on Thursday and drops to over a three-week low, around the 1.2415-1.2410 region during the early North American session. Read More...
GBP/USD: A breach of 1.2400 should not be ruled out – UOB
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