Pound Sterling Price News and Forecast: GBP/USD pressured, 1.2500 in sight
|GBP/USD Price Forecast: Pound pressured, 1.2500 in sight
The British Pound resumed its slide against its American rival in the American session on Monday, as the US Dollar (USD) found near-term demand in a risk-averse environment. The GBP/USD pair fell to an intraday low of 1.2473 following the release of mixed United Kingdom (UK) data. Read More...
Pound Sterling slumps against USD as Fed guides less number of rate cuts in 2025
The Pound Sterling (GBP) declines to near the psychological support of 1.2500 against the US Dollar (USD) in Monday’s North American session. The GBP/USD pair falls sharply as the US Dollar rebounds strongly on Monday after a sharp downside move on Friday. The US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, recovers to near 108.10. Read More...
GBP/USD consolidates in a range around 1.2570 area; upside potential seems limited
The GBP/USD pair kicks off the new week on a subdued note and oscillates in a narrow trading range above mid-1.2500s during the Asian session. Moreover, the fundamental backdrop warrants caution before positioning for an extension of Friday's bounce from the 1.2475 area, or the lowest level since May. Read More...
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