The Pound Sterling (GBP) tries to find a firm footing near the round-level support of 1.3100 in Wednesday’s London session.
The Pound Sterling finds temporary support near 1.3100 against the US Dollar as the Greenback corrects slightly. Investors see the Fed reducing interest rates this month but are split over the size of the potential rate cut. The BoE’s policy-easing cycle is expected to be shallow for the remainder of the year. The Pound Sterling tries to find a firm footing near the round-level support of 1.3100 in Wednesday’s London session.
3100 The Pound Sterling edges higher from a fresh weekly low of around 1.3090 against the US Dollar. Still, the GBP/USD pair struggles to gain a firm footing near the round-level support of 1.3200. The Cable may likely find buying interest near the breakout region of an upward-sloping trendline plotted from 28 December 2023 high of 1.2828 on a daily time frame. The 14-day Relative Strength Index declines to near 60.00 after exiting overbought conditions, signaling a lack of bullish momentum.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pound Sterling declines as Middle East tensions intensify risk-aversionThe Pound Sterling (GBP) slumps to nearly 1.2770 against the US Dollar (USD) in Monday’s London session.
Read more »
Pound Sterling slumps to near 1.2700 on global risk-aversionThe Pound Sterling (GBP) declines to near 1.2700 against the US Dollar (USD) in Tuesday’s London session.
Read more »
GBP/USD Price Forecast: Tumbles below 1.2800 to five-week lowOn Tuesday, the Pound Sterling prolonged its agony and extended its losses against the Greenback.
Read more »
EUR/GBP rises to 13-week peaks on rebalancing Pound Sterling flowsEUR/GBP is in a race to the bottom, with the Pound Sterling winning handily as the pair gets bolstered back into 13-week highs despite a misprint in European Retail Sales figures.
Read more »
GBP/USD: Bulls push to test 1.2780Oversold decline has not stabilised; the Pound Sterling (GBP) could drop further to 1.2645.
Read more »
GBP/USD Weekly Forecast: Pound Sterling’s fate hinges on UK/US inflation dataThe Pound Sterling (GBP) extended its downside momentum against the US Dollar (USD), dragging GBP/USD below the 1.2700 mark before buyers jumped back in the game toward the end of the week.
Read more »