GBP/USD dips as Dollar stays bid on Warsh Fed pick, strong ISM data
The Pound Sterling (GBP) dives some 0.17% on Monday as the US Dollar (USD) extends its gains to two straight days, following the precious metals rout that pushed Gold prices down by over $1,000 after reaching a record high near $5,600. GBP/USD trades at 1.3662 after reaching a daily high of 1.3715. Read More…
Pound Sterling ticks up against US Dollar ahead of US ISM Manufacturing PMI
The Pound Sterling (GBP) outperforms its currency peers at the start of the week, regains ground against the US Dollar (USD) during the European trading session. The GBP/USD pair finds temporary support near 1.3660 and rises slightly above 1.3700 as the US Dollar edges down. Read More…
GBP/USD softens below 1.3700 as Trump picks Warsh for Fed
The GBP/USD pair loses ground to around 1.3670 during the early European session on Monday, pressured by renewed US Dollar demand. Signs of political stability in the United States (US) provide some support to the Greenback against the Pound Sterling (GBP). Traders will take more cues from the US ISM Manufacturing Purchasing Managers Index (PMI) data later on Monday. Read More…