GBP/USD Price Analysis: Slides below 1.3000 despite solid UK data
The Pound Sterling reversed its course on Thursday against the Greenback, even though UK data was solid, while the US jobs market shows signs of weakness. Nevertheless, elevated US Treasury yields and a strong US Dollar pushed the GBP/USD below the 1.3000 figure, trading with more than 0.20% losses. Read More...
Pound Sterling drops as UK Average Earnings deceletrates expectedly
The Pound Sterling (GBP) weakens against its major peers in Thursday’s American session. The British currency drops as United Kingdom (UK) Average Earnings data, a key measure of wage growth that fuels inflation in the service sector and has been a major barrier to the Bank of England’s (BoE) confidence for interest rate cuts, decelerated as expectedly. Read More...
GBP/USD Price Analysis: Bulls turn cautious amid overbought RSI, downside potential seems limited
The GBP/USD pair trades with a mild negative bias during the Asian session on Thursday, albeit lacks follow-through selling and remains well within the striking distance of the one-year peak touched the previous day. Spot prices currently hover around the 1.3000 psychological mark and seem poised to prolong the recent uptrend witnessed over the past three weeks or so. Read More...
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