Pound Sterling Price News and Forecast: GBP/USD slides below 1.3000 despite solid UK data

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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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EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.