Pound Sterling Price News and Forecast: GBP/USD holds to gains on mixed US data

FXStreet Team FXStreet

GBP/USD Price Forecast: Holds to gains on mixed US data

The GBP/USD aims up during the North American session, after jobs data from the United States (US) was mixed, while business activity expanded. Despite this, the pair clings to its gains and trades at 1.3166 above its opening price by 0.15% at the time of writing. Read More...

Pound Sterling jumps to near 1.3200 as US private payrolls growth slows

The Pound Sterling (GBP) surges to near 1.3180 against the US Dollar (USD) in Thursday’s North American session. The GBP/USD pair extends Wednesday’s recovery as weak United States (US) ADP Employment Change data for August adds to evidence that labor market conditions deteriorate further. An unexpected decline in the private payrolls data also sent the US Dollar (USD) on the back foot. Read More...

GBP/USD sticks to modest gains around mid-1.3100s, below weekly top set on Wednesday

The GBP/USD pair trades with a positive bias around mid-1.3100s during the Asian session on Thursday, albeit it lacks strong follow-through buying and remains below the weekly top touched the previous day. Read More...

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FXStreet

EUR/USD remains on the back foot around 1.1700

EUR/USD is coming under heavy selling pressure, hovering around the 1.1700 region in the latter part of the NA session on Monday. The pair’s severe retracement comes as the US Dollar stages a marked bounce on the back of the prevailing flight to safety atmosphere, as investors react to the escalating conflict in the Middle East.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold eases some ground, approaches $5,300

Gold now surrenders part of the earlier advance, reshifting its attenton to the $5,300 zone per troy ounce at the beginning of the week. Indeed, the yellow metal’s firm performance appears propped up by incresing geopolitical jitters in the Middle East, which at the same time fuels the demand for the safe-haven space.