GBP/USD climbed above 1.2150 during the Asian trading hours on Thursday but lost its traction. Nevertheless, the pair managed to stabilize above 1.210
GBP/USD Forecast: Pound Sterling has potential to extend correction if 1.2100 holds 0 in the European session. The improving risk mood made it difficult for the US Dollar to find demand in the second half of the day on Wednesday and helped GBP/USD erase a portion of its weekly losses. Additionally, the disappointing labor market data from the US, which showed that employment in the private sector rose by only 89,000 in September,further weighed on the USD. Read more...
The S&P Global reported the Construction spending at 45.0 in September, much lower than expectations of 49.9 and the former release of 50.8. A figure below the 50.0 threshold is considered a contraction in the construction activities. A decline in construction spending was widely anticipatedas higher mortgage rates have forced householdsto postpone their demand for new houses.
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Pound Sterling Price News and Forecast: GBP/USD – Intraday and daily price signals are bullishAfter dipping to its lowest level since March below 1.2040 in the Asian session on Wednesday, GBP/USD gained traction and climbed above 1.2100. The te
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Pound Sterling Price News and Forecast: GBP/USD trades sideways around 1.2160 amid the USD softnessThe GBP/USD pair remains flat above the mid-1.2100s during the Asian session on Thursday. In the absence of the top-tier economic data from the UK doc
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Pound Sterling Price News and Forecast: GBP/USD is seen consolidating in a narrow bandThe GBP/USD pair struggles to register any meaningful recovery and languishes near its lowest level since March 16, around the 1.2050 area touched the
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GBP/USD Price Forecast: Pound Plunges Towards 1.20The pound weakened against the USD after US Treasury yields rallied coupled with some hawkish Fed speak which will continue today.
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British Pound (GBP) Latest: GBP/USD Boosted by PMI Beat, Can It Hold?Sterling is picking itself up from multi-month lows against the US dollar, buoyed by a better-than-expected S&P services report and weak US ADP data.
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