Pound Sterling Price News and Forecast: GBP/USD remains volatile
|GBP/USD remains volatile after Powell’s speech in Jackson Hole, stays above 1.1800
The GBP/USD seesaws as Fed Chair Powell takes the stand at the Jackson Hole Symposium. During the day, the GBP/USD bounced off a daily low at 1.1775 and rallied sharply to a fresh daily high at 1.1900. However, as Powell finished his speech, the GBP/USD retraced from highs of the days towards the 1.1800 area. At the time of writing, the GBP/USD trades volatile, around the 1.1810 area. Read More...
GBP/USD holds steady below mid-1.1800 post-US PCE, focus remains on Fed’s Powell
GBP/USD needs to clear strong resistance at 1.1870 to gather bullish momentum
GBP/USD has managed to recover above 1.1800 on Friday ahead of FOMC Chairman Jerome Powell’s remarks at the Jackson Hole Symposium. The pair will reveal a buildup of bullish momentum on a break past 1.1870, FXStreet’s Eren Sengezer reports. Read More...
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