Pound Sterling Price News and Forecast: GBP/USD outperforms Euro despite weak UK Retail Sales data
GBPUSD managed to hold above the support of 1.3280 to rebound towards 1.3462. As we see over the chart, the market is facing a daily trend support around 1.3280 which could lead to a rebound with resistance around 1.3630.
The US dollar continues to see strength, despite the fact that interest rates in the United States have drifted lower.
As the Middle East ceasefire holds steady and diplomatic talks progress, the US Dollar firmed with DXY climbing to $99.28. EUR/USD rejected $1.163 and GBP/USD defended rising channel floor at $1.3423.
British Pound: Sideways against US Dollar inside broader range – UOB
The Pound to Dollar (GBP/USD) exchange rate traded in a narrow range on Thursday as investors weighed a surprisingly weak UK services sector survey against signs that underlying inflation pressures remain elevated. At the time of writing, GBP/USD was trading around $1.3444, little changed on the day.
Pound Sterling Price News and Forecast: GBP/USD struggles to gain any meaningful traction
Pound Sterling Price News and Forecast: GBP/USD falls as Iran deal doubts, weak UK PMI bite
British Pound declines against US Dollar as US-Iran deal optimism fades
Following stronger-than-forecast inflation data, the Dollar advanced as safe-haven flows eased amid the Middle East truce. DXY targets $99.48–$99.66 after channel breakout, EUR/USD breaks lower toward $1.158, and GBP/USD holds $1.3445 with buyer defense.
GBPUSD managed to hold above the support of 1.3280 to rebound towards 1.3462. As we see over the chart, the market is facing a daily trend support around 1.3280 which could lead to a rebound with resistance around 1.3630.
GBP/USD was trading at 1.3428 on Thursday, following a period of volatility after the release of UK inflation data, which came in weaker than expected despite geopolitical tensions over Iran and rising oil prices.