GBP/USD Price Analysis: Bulls extends gains and approach July highs
In Tuesday’s session, the GBP/USD pair continued its upward trajectory, rising by 0.32% to 1.3030 near mid-July highs, with bullish momentum gaining significant ground as indicated by the recent trading sessions. Read More…
Pound Sterling rises above 1.3000 against US Dollar with Jackshon Hole in focus
The Pound Sterling (GBP) posts a fresh monthly high near the psychological resistance of 1.3000 against the US Dollar (USD) in Tuesday’s North American session. The GBP/USD pair demonstrates sheer strength as the outlook of the US Dollar is bleak amid firm speculation that the Federal Reserve (Fed) will start reducing interest rates in September. Read More…
GBP/USD remains capped under 1.3000, focus on Fedspeak
The GBP/USD pair weakens near 1.2980, snapping the three-day winning streak during the early European session on Tuesday. The modest recovery of the Greenback drags the major pair lower. In the absence of top-tier data releases from the UK later this week, the USD price dynamic will be the main driver for the GBP/USD. All eyes will be on the Federal Reserve (Fed) Chair Jerome Powell’s speech on Friday. Read More…
