GBP/USD Forecast: Pound Sterling remains fragile in risk-averse environment
GBP/USD closed the previous week virtually unchanged following a steady rebound in the second half of the week. The intense flight to safety at the beginning of the new week, however, caused the pair to open with a bearish gap and decline below 1.2200. Read more…
GBP/USD sticks to the range bound theme – UOB
In the view of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, GBP/USD is still seen navigating the 1.2030-1.2270 rang for the time being. Read more…
GBP/USD manages to hold above 1.2200, bulls remain on the sidelines amid geopolitical tensions
The GBP/USD pair attracts some dip-buying following a modest bearish gap opening to sub-1.2200 levels on the first day of a new week and moves back closer to a one-week high touched on Friday. Spot prices currently trade around the 1.2220-1.2225 area and remain at the mercy of the US Dollar (USD) price dynamics. Read more…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-sticks-to-the-range-bound-theme-202310091316