The Pound to Dollar (GBP/USD) exchange rate climbed to a two-month high last week as softer-than-expected US inflation weakened the US Dollar while speculation over the UK's next Chancellor boosted Sterling. At the time of writing, GBP/USD was trading around $1.3443, up approximately 0.3% on the week after slipping back from a high of.
Pound Sterling Price News & Forecast: GBP/USD trades on a flat note around 1.3450
The true test of trend is what happens in the face of counter-trend stimuli. Do bulls come in to defend the higher-low, looking at the sell-off as opportunistic?
GBP/USD Price Forecast: British Pound extends weakness in process of UK leadership change
GBPUSD finds resistance Cable struggles as the pair met firm resistance after pushing over 100 pips in the past session. • Not even a lift in GDP data could prevent the pound from slipping away from the 1.3500 level.
Strong U.S. retail sales and resilient jobless claims reinforce the Fed's cautious stance. Explore the latest outlook for DXY, EUR/USD and GBP/USD.
British Pound: Pullback pauses within near-term range against US Dollar – UOB
Pound Sterling Price News and Forecast: GBP/USD softens to near 1.3470 in Friday's Asian session
British Pound: Dips against US Dollar seen as buying opportunity – Scotiabank
Summary:GBP/USD remained supported after UK GDP returned to growth in May while softer US producer inflation weakened the US dollar. The British pound continues to draw support from improving economic data and expectations of fiscal stability under the incoming UK government.
Pound Sterling Price News and Forecast: GBP/USD dip-buying favored on pullbacks below 1.3500
GBP/USD Price Forecast: Dip-buying favored on pullbacks below 1.3500