GBP/USD advances to fresh weekly top, around mid-1.3100s amid notable USD supply
The GBP/USD pair gains positive traction for the second straight day and recovers further from over a three-week low, around the 1.3000 psychological mark touched on Wednesday. The momentum lifts spot prices to mid-1.3100s, or a fresh weekly top during the Asian session, and it is sponsored by the heavily offered tone surrounding the US Dollar (USD). Read More…
GBP/USD rallies on Thursday as Greenback gives up ground post-US PPI
GBP/USD turned higher on Thursday, rising back above the 1.3100 handle after the Greenback went limp amid a broad-market uptick in risk-on market sentiment. US Producer Price Index (PPI) inflation data wrapped around median market estimates, failing to deliver a concise picture of US price growth factors, but still kept market expectations of an impending Federal Reserve (Fed) rate cut keel-side down. Read More…
GBP/USD Price Forecast: Gains ground on soft US jobs data
The Pound Sterling advanced modestly against the US Dollar on Thursday after economic data showed that factory inflation in the United States (US) was a tick higher than foreseen. That and a softer US jobs report weighed on the buck. The GBP/USD trades at 1.3078 after hitting a daily low of 1.3031. Read More…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-advances-to-fresh-weekly-top-202409130436