The GBP/USD pair kicks off the new week on a subdued note and consolidates Friday’s strong move up its highest level since September 20. Spot prices currently trade around the 1.2375 region, nearly unchanged for the day, and remain at the mercy of the US Dollar (USD) price dynamics. Read More…
The GBP/USD is climbing into the 1.2400 handle to cap off a trading week that saw the pair mostly flounder around the averages.
After US Nonfarm Payrolls (NFP) came in well below expectations the Pound Sterling (GBP) climbed 1.6% from Friday’s opening bids near 1.2190, and the GPB/USD is up almost 2.5% from the week’s lows of 1.2095. Read More…
The Pound Sterling (GBP) advances swiftly as improved market sentiment outperforms a stagnant growth outlook for the UK economy. The market mood has turned extremely upbeat after the United States labor demand slowed in October and the Unemployment Rate rose beyond expectations. Read More…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-consolidates-in-a-range-below-12400-mark-202311060256