GBP/USD Price Analysis: Surges toward 1.2700 on US Dollar weakness
The Pound Sterling climbs sharply against the US Dollar as US Treasury bond yields remain unchanged, but the Greenback remains softer as it falls to a fresh two-day low, as depicted by the US Dollar Index (DXY). With the DXY dropping below 105.50, the GBP/USD rose and traded at 1.2691, up 0.40%. Read More…
Pound Sterling bounces back strongly despite BoE signals rate-cut ahead
The Pound Sterling (GBP) gains ground against the US Dollar (USD) and trades around 1.2680 in Monday’s early New York session after facing a sharp sell-off last week. The GBP/USD pair rebounds as the upside move in the US Dollar Index (DXY), which tracks the Greenback’s value against six major peers, appears to have paused and struggles to extend upside above the immediate resistance of 106.00. Read More…
GBP/USD bears flirt with 100-day SMA, retain control near the lowest level since mid-May
The GBP/USD pair kicks off the new week on a subdued note and remains well within the striking distance of its lowest level since mid-May touched on Friday. Spot prices currently trade around the 1.2635 area, with bears awaiting a sustained break and acceptance below the 100-day Simple Moving Average (SMA) before positioning for an extension of the recent pullback from a multi-month peak. Read More…
