GBP/USD Price Forecast: Sees modest gains below 1.2700
The GBP/USD advances modestly by some 0.15% following the release of solid US Retail Sales data, which put a lid on the pair’s advance. UK labor market data delivered during the European session was mixed, with the economy adding 173K jobs to the workforce in October, ahead of the release of the UK Autumn budget. At the time of writing, the pair trades at 1.2702. Read More...
Pound Sterling gains agains USD despite upbeat US Retail Sales data
The Pound Sterling (GBP) rises around the psychological resistance of 1.2700 against the US Dollar (USD) in Tuesday’s North American session. The GBP/USD pair moves higher as the USD surrenders gains even though the United States (US) monthly Retail Sales data for November has come in better than expected. The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, hovers near an almost three-week high around 107.00. Read More...
GBP/USD Price Forecast: Tests descending channel’s upper boundary above 1.2650
GBP/USD remains flat following gains in the previous session, trading around 1.2680 during the Asian hours on Tuesday. The daily chart analysis suggests a upward momentum shift as the pair attempts to break above the descending channel pattern, aligned with nine- and 14-day Exponential Moving Averages (EMAs). Read More...
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