Tag Archives: Pound

GBP/USD Forecast: Pound Sterling remains vulnerable on broad USD strengthAfter posting large losses on Thursday and Friday, GBP/USD struggles to stage a rebound on Monday and trades in negative territory, slightly above 1.3400. The pair's technical outlook suggests that the bearish bias remains intact in the short term. The US Dollar (USD) outperforms its rivals as fears over an economic downturn in the United States (US) ease. The European Union (EU) and the US announced over the weekend that they have reached a framework trade deal that sets a blanket 15% tariff on goods traded between them. Additionally, European Commission President Ursula von der Leyen noted that they will not impose retaliatory tariffs and said they...

Top Stories Tamfitronics Top Stories Tamfitronics Pound Sterling weakens against US Dollar with UK Employment in focusThe Pound Sterling (GBP) drops to near 1.2900 against the US Dollar (USD) in London trading hours on Monday. The GBP/USD pair declines as the US Dollar extends Friday’s recovery and aims to revisit a four-month high. The US Dollar Index (DXY), which gauges Greenback’s value against six major currencies, climbs above 105.30.The Greenback strengthens on expectations of higher investment and spending in the United States (US) as Republicans look set to take control of both the Senate and the House of Representatives, a scenario that would allow the Trump administration to implement fiscal policies quickly. Read more...Top Stories...

Top Stories Tamfitronics Top Stories Tamfitronics GBP/USD Price Analysis: Slips toward 1.2900, bears eye support at 1.2860The Pound Sterling extended its losses during the North American session against the US Dollar on Tuesday, clinging to the 1.2900 figure after hitting a 7-day high of 1.2887. Traders eye the next key support level of 1.2860. At the time of writing, the GBP/USD trades at 1.2914, down 0.13%. Read More...Top Stories Tamfitronics Pound Sterling seems vulnerable near 1.2900 as BoE rate-cut bets swellThe Pound Sterling (GBP) continues to hold the key support level of 1.2700 against the US Dollar (USD) in Tuesday’s New York session. The GBP/USD pair edges down but remains inside the tight range of 1.2890-1.2940....

Top Stories Tamfitronics Top Stories Tamfitronics GBP/USD Price Prognosis: Remains subdued above 1.2700The Pound Sterling registered minuscule beneficial properties versus the US Buck in early shopping and selling everywhere in the North American session. Traders’ sentiment is upbeat as most US equity indices are rising, US Treasury bond yields are falling, and the Buck used to be virtually about unchanged towards a basket of its visitors. Due to this truth, the GBP/USD trades at 1.2719, up 0.11%. Read Extra...Top Stories Tamfitronics Pound Sterling holds beneficial properties above 1.2700 earlier than UK inflationThe Pound Sterling (GBP) remains agency, shopping and selling a small bit above 1.2700 in Tuesday’s New York session. The following tear in the GBP/USD...