fxs_header_sponsor_anchor

Pound Sterling Price News and Forecast: GBP/USD struggles at 1.3000, dives beneath 1.2950

|ByFXStreet Team

GBP/USD Price Analysis: Struggles at 1.3000, dives beneath 1.2950

The Pound Sterling begins the North American session on the backfoot and registers losses of 0.14% after failing to crack the 1.3000 figure. The lack of economic data from the United Kingdom boosted the Greenback, which was battered last week. The GBP/USD trades at 1.2946 after hitting a daily high of 1.2979. Read More...

Pound Sterling slumps after upbeat US Retail Sales report, focus is on UK Inflation

The Pound Sterling (GBP) falls sharply below the psychological figure of 1.3000 against the US Dollar (USD) in Tuesday’s New York session. The GBP/USD pair slumps as the United States (US) Retail Sales report for June shows better-than-expected sales receipts at retail stores. Monthly Retail Sales remained flat, as expected, from an upwardly revised reading of 0.3% in May. Read More...

GBP/USD maintains position around 1.2950 near 13-month highs

GBP/USD trades around 1.2960 during the Asian session on Tuesday, remaining close 13-month high at 1.2995 recorded in the previous session. The British Pound (GBP) may appreciate further as investors consider UK markets a more attractive investment destination compared to US markets, which face political uncertainties. The decisive victory of Keir Starmer’s Labour Party has assured stable fiscal policies and smooth ministerial appointments. 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.