GBP/USD Price Analysis: Consolidates below strong resistance at around 1.2800
The Pound Sterling stays firm during Thursday’s North American session, yet it remains below 1.2800 after hitting a daily high of 1.2809 against the US Dollar. Another major central bank slashed interest rates, while softer US jobs data keep the pair at around current spot prices. The GBP/USD trades at 1.2772, virtually unchanged. Read More...
Pound Sterling consolidates below 1.2800 ahead of US NFP
The Pound Sterling (GBP) trades close to a two-month high slightly below the round-level figure of 1.2800 against the US Dollar (USD) in Thursday’s New York session. The GBP/USD pair holds strength as the US Dollar weakens due to growing speculation that the Federal Reserve (Fed) will start reducing interest rates from September. Read More...
GBP/USD resumes upside near 1.2800 on mixed US data, Fed rate cut expectation
The GBP/USD pair resumes upside near 1.2790 despite the rebound of US Dollar (USD). Traders started to price in two interest rate cuts by the Federal Reserve (Fed) this year as the US economy grew at a slower pace in the first quarter than projected earlier. Later on Thursday, the US weekly Initial Jobless Claims and Balance of Trade will be published. Read More...
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