GBP/USD Forecast: Pound Sterling could stretch higher while 1.2650-1.2660 support holds
GBP/USD took advantage of the broad-based selling pressure surrounding the US Dollar (USD) and registered weekly gains for the first time since early January. The pair holds steady above 1.2650 early Monday, while the technical picture suggests that additional gains are likely in the near term. Read more...
GBP/USD could test the 14 February low of 1.2530 – ING
Last week, the Pound Sterling (GBP) was one the top performers in the G10 space alongside the New Zealand Dollar (NZD) and the Swedish Krona (SEK). However, the next few days could be difficult for the GBP. Economists at ING analyze Pound Sterling’s outlook. Read more...
GBP/USD will have to push on through 1.2710 to show some additional technical momentum – Scotiabank
GBP/USD is marginally firmer on the session. Economists at Scotiabank analyze the pair’s outlook.
Sterling is registering a fifth, consecutive daily gain versus the USD and is showing signs of a pick up in bullish momentum on the intraday and daily studies. Last week’s peaks remain a block on near-term gains, however. Read more...
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