GBP/USD rebounds toward 1.34 as markets look past strong US data
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.
US Dollar Index (DXY) hits 99.20 as Middle East tensions ignite a safe-haven rally. Discover why war risk is keeping the Dollar bid despite shifted Fed hopes.
The technical picture suggests a bullish break of a price channel and key horizontal resistance will occur if the price gets established above $1.3372.
Pound Sterling Price News and Forecast: GBP/USD drifts lower to near 1.3310 early European session
The British Pound failed to stay above 1.3500 and declined against the US Dollar. GBP/USD traded below the 1.3450 and 1.3420 levels to enter a bearish zone.
GBP/USD slips below key averages as geopolitical risks mount
The Pound US Dollar (GBP/USD) exchange rate remained firmly on the defensive on Tuesday, sliding to a fresh three-month low as the Iran conflict rumbled on. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.33125 (-0.72%)Euro to Dollar (EUR/USD): 1.1603 (-0.79%)Dollar to Japanese Yen (USD/JPY): 157.7395 (+0.3%) DAILY RECAP: The.
Pound Sterling Price News and Forecast: GBP/USD slides to 1.3300 as Middle East war lifts US Dollar
GBP/USD slides to 1.3300 as Middle East war lifts US Dollar
Pound Sterling Price News and Forecast: GBP/USD March BoE cut now finely balanced
The Pound to Dollar (GBP/USD) exchange rate has retreated sharply this week with a slide to 11-week lows below 1.3300. The dollar has gained net support from a slide in risk appetite amid US attacks on Iran while the Pound has been hurt by the slide in equities.