Pound Sterling Price News and Forecast: GBP/USD recovery unlikely to last
|GBP/USD Forecast: Bullish bias stays intact ahead of key US data
GBP/USD has lost its bullish momentum and retreated below 1.1600 during the European trading hours on Thursday after having gained more than 300 pips in the last two days. The near-term technical outlook suggests that buyers look to retain control but the third-quarter Gross Domestic Product (GDP) data from the US is likely to drive the pair's action in the second half of the day. Read more...
GBP/USD: Recovery unlikely to last – ING
The British pound continues to enjoy a renaissance, but analysts at ING would argue that further gains will be harder to come by.
“The softer dollar environment means that the GBP/USD correction could extend to the 1.1750 area – but we doubt these gains last.” Read more...
GBP/USD could now test the 1.1760 level – UOB
GBP/USD remains firm and could extend the upside momentum to the 1.1760 region in the next weeks, suggest Market Strategist at UOB Group Quek Ser Leang and Economist Lee Sue Ann. Read more...
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