The GBP/USD price retreated to the lowest level since November 2020 as demand for US dollars rose. The pair is trading at 1.3017, which is 8.56% below its highest level in 2020. It has been in a stron...
Tag: Sterling
Is sterling a buy ahead of UK inflation data?
The GBP/USD price held steady on Wednesday morning ahead of the latest UK consumer price index (CPI) data. It rose to a high of 1.3283, which was the highest it has been since March 4, 2022. UK infla...
Is sterling a buy after crashing to 2020 lows?
The GBP/USD price crashed to the lowest level since 2020 as investors assessed the impact of the ongoing crisis in Ukraine on the UK economy. The pair is trading at 1.3030, which is about 8.60% below ...
GBP/USD forex signal: Sterling crashes ahead of UK GDP data
The GBP/USD crashed to the lowest level since November 2020 after the strong American consumer inflation data. It is trading at 1.3088, which is about 8% below the highest level in 2021. UK GDP data ...
Sterling has more room to climb
The GBP/USD pair continued its bullish trend on Monday as investors focused on last Friday’s economic data from the United States. The pair rose to a high of 1.3600, which was about 3.25% above the lo...