Pound Sterling Price News and Forecast: GBP/USD posts modest gains around 1.3200
The Pound to Australian Dollar (GBP/AUD) exchange rate held close to a ten-week high on Thursday as a cautious market mood continued to weigh on the risk-sensitive Australian Dollar. At the time of writing, GBP/AUD was trading at AU$1.9109, just shy of Wednesday's ten-week high.
Pound Sterling Price News and Forecast: GBP/USD rebounds as US Dollar bulls fade despite hot Core PCE
The US dollar continues to strengthen despite slipping rates.
Our last projection for the GBPUSD still applies after the market fell below the daily trend support at 1.3280, which could lead to more pressure over the market. As we see from the previous chart, Intraday prices show resistance around 1.3325, where as long as prices hold below it, more of a drop toward targets […]
British Pound: Risk of slide toward 1.3110 against US Dollar – UOB
With strong U.S. fundamentals, fiscal deficits, and reserve-currency status, the Dollar gained ground amid shifting risk sentiment. DXY held steady at $101.54, EUR/USD defended blue trendline support, and GBP/USD maintained bullish structure above $1.3109.
Pound Sterling Price News and Forecast: GBP/USD rebounds to around 1.3175 during Asian session
Looking at the 4-hour chart, the pair settled below 1.3200, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour). The bears even pushed the pair to a new multi-week low below 1.3150.
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