GBP/USD Price Forecast: Clings to daily gains below 1.2700
The Pound Sterling clings to earlier gains yet trades off the weekly highs, which reached around 1.2749 during the European session. At the time of writing, the GBP/USD trades at 1.2684, virtually unchanged. Read More…
Pound Sterling gives up gains against USD as 20-day EMA limits upside
The Pound Sterling (GBP) surrenders its intraday gains after refreshing a two-week high near 1.2750 against the US Dollar (USD) in Friday’s North American session. The GBP/USD pair falls back as the US Dollar rebounds in a thin volume trading day due to the Thanksgiving holidays. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, bounces back after posting a fresh two-week low near 105.60. Read More…
GBP/USD strengthens further beyond 1.2700, over two-week top on weaker USD
The GBP/USD pair gains some follow-through positive traction during the Asian session on Friday and touches a two-week top, around the 1.2715 region in the last hour. Spot prices have now rallied over 200 pips from the weekly trough and look to build on the recent recovery from sub-1.2500 levels, or the lowest since May 2024 touched last Friday amid subdued US Dollar (USD) demand. Read More…
This article was originally published by Fxstreet.com. Read the original article here.