GBP/USD recovers toward 1.3500 ahead of US consumer sentiment data

Following Monday’s bearish action, GBP/USD stages a rebound on Tuesday. At the time of press, the pair was up 0.25% on the day at 1.3485. Read More…

Pound Sterling ticks up against US Dollar as Trump terminates Fed’s Cook

The Pound Sterling (GBP) ticks up to near 1.3470 against the US Dollar (USD) during the European trading session on Tuesday. The GBP/USD pair edges higher as the US Dollar falls slightly after the ousting of Federal Reserve (Fed) Governor Lisa Cook by United States (US) President Donald Trump, which has increased concerns over the central bank’s independence. Read More…

GBP/USD Price Forecast: Bullish outlook remains in play near 1.3450

The GBP/USD pair edges lower to near 1.3450 during the early European session on Tuesday. The potential downside for the major pair might be limited after US President Donald Trump announced he was firing a Federal Reserve (Fed) Governor, Lisa Cook. This, in turn, might raise concerns over the Fed’s independence and undermine the US Dollar (USD) in the near term. Read More…