GBP/USD Forecast: Pound Sterling could struggle to find direction
In the absence of high-impact data releases, GBP/USD benefited from the risk-positive market atmosphere on Monday and climbed toward 1.2200. The pair lost its traction early Tuesday amid renewed US Dollar (USD) strength and declined to the 1.2150 area. Read more…
GBP/USD now moved into a consolidative phase – UOB
Economist Lee Sue Ann and Markets Strategist Quek Ser at UOB Group suggest GBP/USD is now seen trading within the 1.2085-1.2240 band in the next weeks. Read more…
GBP/USD: Daily close above 1.2180 would add to momentum for deeper push above 1.22 – Scotiabank
GBP/USD trades firmer near 1.22. Economists at Scotiabank analyze Sterling’s outlook.
Sterling is firm but GBP/USD gains are struggling against 1.22, trend resistance off the July high. The market pushed through this trend briefly earlier in October but needs to make clearer progress above the figure to extend. Read more…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-now-moved-into-a-consolidative-phase-202310311329