The Pound Sterling (GBP) clings to its earlier gains versus the US Dollar (USD) on Thursday as the economy in the United States (US) deteriorates further, warranting no additional tightening by the Federal Reserve. In price action terms, the GBP/USD jumped from daily lows of 1.2370 and trades at 1.2447, up 0.26%. Read More…
GBP/USD could extend the rebound to the 1.2580 zone in the near term, note UOB Group’s Markets Strategist Quek Ser Leang and Economist Lee Sue Ann. Read More…
GBP/USD extends losses on the second consecutive day, trading lower around 1.2390 during the Asian session on Thursday. The 1.2350 major level emerges as the key support, following the next support around the psychological level at 1.2300. Read More…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-edges-higher-amid-us-economic-slowdown-202311161708