GBP/USD steadies near 1.34 despite Oil shock, hot US inflation
The Pound Sterling (GBP) remains firm during the North American session on Wednesday, even though the Middle East conflict entered its twelfth day of hostilities. Inflation in the US boosted the Greenback’s prospects, yet GBP/USD trades at around 1.3400, virtually unchanged. Read More…
GBP/USD advances past 1.3450 on soft USD despite Mid-East tensions
The Pound Sterling (GBP) posts modest gains on Tuesday during the North American session as the Greenback remains weaker even though tensions in the Middle East remain high, despite US President Trump’s comments that the end of the war is near. At the time of writing, GBP/USD trades at 1.3467 after hitting a daily high of 1.3483. Read More…
GBP/USD Price Forecast: Eyes 50-day EMA barrier near 1.3500 despite ongoing bearish bias
GBP/USD extends its gains for the third successive session, trading around 1.3480 during the early European hours on Tuesday. The pair holds a mildly bearish short-term bias as price sits just below the 50-day Exponential Moving Average (EMA) while remaining above the faster nine-day moving average, which has turned lower and tracks the recent series of lower highs. Read More…
