The GBP/USD retraces back below the 1.2000 figure after US economic data warranted further tightening by the US Federal Reserve (Fed), as reflected by the US Treasury bond yields reaction. At the time of typing, the GBP/USD exchanges hand at 1.1950, below its opening price by 0.66%. Read More…

The GBP/USD pair comes under intense selling pressure on Thursday and extends its intraday downward trajectory heading into the North American session. The pair is currently placed below the mid-1.1900s, down over 0.60% for the day, and remains well within the striking distance of the weekly low touched on Monday. Read More…

The GBP/USD pair comes under some fresh selling pressure following the previous day’s good two-way price swings and drifts lower through the first half of the European session. The downward trajectory drags spot prices back closer to mid-1.1900s in the last hour and well within the striking distance of a technically significant 200-day Simple Moving Average (SMA). Read More…