Pound Sterling Price News and Forecast: GBP/USD receives positive vibes [Video]

GBP/USD lost its bullish momentum and turned flat on the day near 1.2250 after rising toward 1.2300 earlier in the day. The technical outlook suggests

GBP/USD Forecast: Bullish potential remains intact despite recent decline that the bullish bias stays intact despite the latest pullback. ILO Unemployment Rate in the UK edged lower to 4.2% in the three months to August from 4.3%, the UK's Office for National Statistics reported early Tuesday. The details of the report showed that the Employment Change came in at -82,000, better than the market expectation for a decrease of 198,000. Read more...

2270 ahead of UK employment, PMI data GBP/USD continues the winning streak that began on Thursday, trading higher near 1.2270 during the Asian session on Tuesday. The pair receives upward support due to the correction in the US Dollar , coupled with improved risk sentiment. United Kingdom gears up for the release of Employment and S&P Global PMI data.

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