GBP/USD Forecast: Pound Sterling could edge lower if 1.2680 support fails
GBP/USD staged a rebound in the second half of the previous week and erased a large portion of its weekly losses. The pair’s near-term technical outlook is yet to point to a build-up of bullish momentum as it holds steady at around 1.2700 in the European morning on Monday. Read more…
GBP/USD Price Analysis: Holds above the 1.2720 mark amid the risk-on mood
The GBP/USD pair kicks off the new week on a positive note during the early European session on Monday. The rebound of the major pair is bolstered by the risk-on environment. However, the rising tension in the Red Sea might boost safe-haven asset demand and cap the upside of GBP/USD. At press time, the pair is trading at 1.2722, up 0.16% for the day. Read more…
GBP/USD: Likely to hold within the recent 1.2600/1.2800 range for a little longer – Scotiabank
GBP/USD is holding a neutral point within the recent 1.2600/1.2800 trading range. Economists at Scotiabank analyze the pair’s outlook.
Traders have little to go on and Cable is likely to hold within the recent 1.2600/1.2800 range for a little longer. Read more…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-holds-above-the-12720-mark-amid-the-risk-on-mood-202401221356