British Pound: Limited downside inside tight corridor against US Dollar – UOB
GBP/USD Price Forecast: Holds steady to near 1.3600, with bullish bias intact above 100-day SMA
Pound Sterling Price News and Forecast: GBP/USD slips on solid US jobless claims as Fed hawks lift USD
GBPUSD also managed to hold below the resistance of 1.3675 while managing to hit a correction to move towards the target and support at 1.3560. As long as the market holds above the 1.3560 support, the advance scenario could return.
The DAX is trading cautiously higher on Thursday, supported by technology stocks after Nvidia's strong outlook helped revive the AI trade. However, gains remain relatively contained as investors position cautiously ahead of the Jackson Hole symposium and Friday's speech from Fed Chair Kevin Warsh.
Pound-Dollar could remain under pressure if Jackson Hole reinforces Fed tightening expectations, while Sterling lacks fresh domestic support. The Pound US Dollar (GBP/USD) exchange rate fell back on Wednesday as markets digested the latest US economic data.
Pound Sterling Price News and Forecast: GBP/USD retreats as sticky PCE revives Fed hike bets
British Pound weakens against US Dollar as headline PCE beats forecasts
Pound Sterling Price News and Forecast: GBP/USD hits fresh intra-week lows after failure at 1.3660 resistance
GBP/USD Price Forecast: Hits fresh intra-week lows after failure at 1.3660 resistance
British Pound: Upside remains intact above 1.3605 against US Dollar - UOB
Pound Sterling Price News and Forecast: GBP/USD holds near six-month high as Hormuz hopes lift sentiment