The GBP/USD fell more than 0.50% to a daily low of 1.2453 at the end of the week, following robust labor market data from the US, indicating a possible reconsideration of further rate hikes by the Federal Reserve (Fed). As a result, the US Dollar strengthened due to rising US bond yields, while the Sterling Pound continued to face selling pressure while the British economic calendar had nothing relevant to offer. Read More…
The GBP/USD pair pulls back from a two-and-half-week high, around the 1.2545 region, touched this Friday and extends its steady intraday descent through the early North American session. Spot prices slip below the 1.2500 psychological mark, hitting a fresh daily low in reaction to the mixed US employment details, albeit lacks follow-through and recovers a few pips in the last hour. Read More…
The GBP/USD pair enters a bullish consolidation phase near a two-and-half-week high touched on Friday and oscillates in a narrow band, around the 1.2530-1.2535 region through the first half of the European session. Read More….
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