Pound Sterling Price News and Forecast: GBP/USD surges amid easing US trade tensions, ahead of BoE’s decision
GBP/USD surges amid easing US trade tensions, ahead of BoE’s decision
The Pound Sterling remains bid for the third consecutive day, edges up 0.34% as the GBP/USD trades at 1.2519 above the 50-day Simple Moving Average (SMA) at 1.2501. Read More…
Pound Sterling surge pauses against US Dollar on upbeat US private employment data
The Pound Sterling (GBP) surrenders some gains above 1.2500 against the US Dollar in Wednesday’s North American session but is still 0.2% higher. The GBP/USD pair faces pressure above 1.2500 as the US Dollar discovers some bids after the release of the upbeat United States (US) ADP Employment Change data for January. The ADP reported that the private sector hired 183K workers in January, higher than estimates of 150K and the prior release of 176K, revised significantly higher from 122K. Read More…
GBP/USD holds steady below 1.2500; softer USD acts as a tailwind
The GBP/USD pair struggles to capitalize on its strong gains registered over the past two days and consolidates near a one-week top, below the 1.2500 psychological mark during the Asian session on Wednesday. The downside, however, remains cushioned amid some follow-through US Dollar (USD) selling. Read More…
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