GBP/USD flat with tension rising before UK budget and US data surge
The GBP/USD remains subdued during the North American session, trading unchanged at around 1.3088 as traders wait for the release of the UK’s budget amid a shortened week due to the Thanksgiving holiday in the US. Read More…
GBP/USD Price Forecast: Looks to build on move beyond 1.3100; not out of the woods yet
The GBP/USD pair reverses a modest Asian session dip and climbs back above the 1.3100 mark in the last hour amid a modest US Dollar (USD) downtick on Monday. However, the uncertainty surrounding the upcoming UK budget and rising bets for an interest rate cut by the Bank of England (BoE) next month should act as a headwind for spot prices. Read More…
GBP/USD trades below 1.3100 amid firmer USD, UK budget uncertainty
The GBP/USD pair struggles to capitalize on its gains registered over the past two days and kicks off the new week on a softer note amid a broadly firmer US Dollar (USD). Spot prices, however, manage to hold comfortably above last week’s swing low and currently trade just below the 1.3100 mark, down less than 0.15% for the day. Read More…