fxs_header_sponsor_anchor

Pound Sterling Price News and Forecast: GBP/USD pound plummets, targets 1.2600 as evening star surfaces

GBP/USD Price Analysis: Pound plummets, targets 1.2600 as evening star surfaces

The Pound Sterling lost ground versus the Greenback on Wednesday following the release of US housing data, which highlights the sector's weakness, yet the buck trades at around 8-week highs, as shown by the US Dollar Index (DXY). The GBP/USD trades at 1.2642, down 0.34%. Read More...

Pound Sterling weakens amid uncertainty ahead of US core PCE inflation

The Pound Sterling (GBP) weakens against the US Dollar (USD) in Wednesday’s New York session. The GBP/USD pair falls vertically after the recovery move stalled near the round-level resistance of 1.2700. The Cable slumps amid uncertainty ahead of the United States (US) core Personal Consumption Expenditures Price Index (PCE) data for May, which will be published on Friday. Read More...

GBP/USD Price Analysis: Consolidates below 1.2700; 50/100-day SMAs confluence holds the key

The GBP/USD pair extends its sideways consolidative price move for the second straight day and remains confined in a narrow range below the 1.2700 mark during the Asian session on Wednesday. The lack of any meaningful buying, meanwhile, warrants some caution before positioning for an extension of the recent bounce from the 1.2625-1.2620 region, or the lowest level since mid-May touched last Friday. 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.