The GBP/USD climbed to a Monday high near 1.2280 as markets jockey for position ahead of Tuesday’s bumper data prints, with UK wages and labor data hitting markets in the early London session before US Consumer Price Index (CPI) inflation figures drop on investors in the mid-day. Read More…
The Pound Sterling (GBP) discovers some optimism as the UK economy manages to avoid a decline in economic activities in the third quarter. The GBP/USD attempts a recovery on temporary optimism but projections for the growth outlook are downbeat as fresh investments from firms in capacity expansion in the last quarter were significantly down due to poor demand from the domestic and overseas markets. Read More…
GBP/USD extends its gains for the second consecutive day, trading higher around 1.2230 during the Asian session on Monday. The GBP/USD pair might have received upward support from the better-than-expected preliminary Gross Domestic Product (GDP) from the United Kingdom (UK) released on Friday, coupled with a weaker US Dollar (USD). Read More…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-drifting-higher-in-thin-monday-action-202311131913