GBPUSD managed to pass above the resistance of 1.3485 to meet the first target at 1.3580. As we see over the chart, the market is facing the first support zone at 1.3485, where if prices remain above it, more advance will be expected with resistances at 1.3580 and 1.3710-35.
GBP/USD stabilizes as UK PMI-driven Pound support meets steady US Dollar demand
The US Dollar Index (DXY) rebounds to $98.65 as Middle East tensions and stalled peace talks spark safe-haven demand. Will the dollar clear the $98.80 resistance?
When is the UK Services PMI and how could it affect GBP/USD?
GBP/USD: Sideways trade inside broad band – UOB
Pound Sterling Price News and Forecast: GBP/USD may rebound toward the two-month high of 1.3599
GBP/USD Price Forecast: Tests nine-day EMA support after slipping below 1.3500
GBP/USD holds near 1.35 as UK PMIs and retail sales loom
During today's session, a consistent neutral bias has continued to shape GBP/USD price action in the short term, with the pair showing barely a 0.1% variation. This highlights a clear sense of market balance.
The Pound to Dollar (GBP/USD) exchange rate edged higher on Wednesday, supported by improved market sentiment as developments in the Middle East helped ease safe-haven demand for the US Dollar. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.35076 (-0.02%)Euro to Dollar (EUR/USD): 1.17105 (-0.29%)Dollar to Japanese Yen (USD/JPY):.
The GBP/INR cross has seen its fair share of volatility due to the ongoing conflict in Iran and the attendant issues that have led to an oil shock. India is the world's third-largest oil importer.
Pound Sterling Price News and Forecast: GBP/USD nudges higher on UK inflation