GBP/USD eases from multi-year high amid thin trading, BoE speeches eyed
The British Pound (GBP) is trading sideways against the US Dollar (USD) after reaching its highest level in three years at the start of this week’s session. The GBP/USD pair surged to 1.3593 early in Monday’s session. At the time of writing, the pair gave back some of the early gains to trade around 1.3560 during the late American session amid holiday-thinned trading volumes. Read More…
Pound Sterling trades higher amid Spring Bank Holiday
The Pound Sterling (GBP) outperforms its other peers, except antipodeans, at the start of the week. The British currency gains as financial market participants reassess expectations for the Bank of England’s (BoE) monetary policy outlook after the release of the stronger-than-projected growth in the UK Consumer Price Index (CPI) and Retail Sales data for April. Read More…
GBP/USD Price Forecast: Hits fresh 39-month highs near 1.3600
The GBP/USD pair extends its winning streak for the second successive session, trading around 1.3580 during Monday’s Asian hours. The technical analysis of the daily chart suggests that a bullish bias prevails as the pair moves upwards within an ascending channel pattern. Read More…
