Pound Sterling Price News and Forecast: GBP/USD slumps as strong US jobs data lifts US Dollar
GBP/USD slumps as strong US jobs data lifts US Dollar
EUR/GBP: Political risks and energy shock – Rabobank
US Dollar Index (DXY) hits 99.10 as ISM Services PMI jumps to 56.1. Discover why strong US data and safe-haven demand are fueling the current bullish breakout.
Pound Sterling Price News and Forecast: GBP/USD – Market not expecting BoE rate cut in March
The pound fell below 1.3380 and added more of a drop towards the target 1.3285. As we see over the chart, the market is now facing a resistance zone at 1.3380-99, where as long as prices hold below it, the drop pressure could continue towards 1.3000.
Pressure on the dollar has eased over the past 24 hours following reports that Iran has offered to discuss terms for a potential end to the conflict. According to The New York Times, representatives of the Iranian Ministry of Intelligence made contact with the CIA through intermediaries, just one day after the commencement of joint US-Israel attacks.
The GBP/USD exchange rate was flat on Thursday as traders focused on new developments in the Middle East, where the war is continuing. It was trading at 1.3375, a few points above this week's low of 1.3257.
Pound Sterling Price News and Forecast: GBP/USD declines and also against its major peers
GBP/USD tests key moving averages as growth downgrade weighs
The Pound US Dollar (GBP/USD) exchange rate wavered on Wednesday, amid reports of diplomatic efforts to end the war in the Middle East. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.33528 (+0.01%)Euro to Dollar (EUR/USD): 1.16255 (+0.12%)Dollar to Japanese Yen (USD/JPY): 157.1495 (-0.4%) DAILY RECAP: The US dollar (USD).
The US Dollar has set a fresh three-month high following the breakout from the ascending triangle formation. And, shorter-term, there's now a support test at prior resistance of the 98.73 level.