GBP/USD Price Analysis: Tumbles below crucial 1.2500 as bears move in
The Pound Sterling tumbled in early trading during the North American session, dropping below the 1.2500 figure amid renewed US Dollar strength. Data from the United States showed that the Balance of Trade deficit tightened while the labor market remained tight, as revealed by the Initial Jobless Claims report. The GBP/USD trades at 1.2488, down 0.30%. Read More…
Pound Sterling tumbles as US Dollar rebounds ahead of US NFP
The Pound Sterling (GBP) fails to hold gains above the crucial resistance of 1.2500 in Thursday’s early New York session amid uncertainty as investors pivot to the US Nonfarm Payrolls (NFP) data and ISM Services PMI report for April, which will be published on Friday. Read More…
GBP/USD Price Analysis: Advances to near 1.2550 with expectations of a momentum shift
GBP/USD extends its gains for the second successive session on Thursday, trading around 1.2530 during the Asian session. The pair consolidates within the descending channel on a daily chart, with the 14-day Relative Strength Index (RSI) positioning on the 50-level. A further increase will indicate the weakening of a bearish bias. Read More…
Source: https://www.fxstreet.com/news/pound-sterling-tumbles-below-crucial-12500-as-bears-move-in-202405021530