GBP/USD slips after hitting record high past 100-day SMA

GBP/USD registers losses on Friday during the North American session after testing the 100-day Simple Moving Average (SMA) at 1.2658. Good economic data from the United Kingdom (UK) pushed the pair towards year-to-date (YTD) highs of 1.2678 before stabilizing at current spot prices. The pair exchanges hands near 1.2660. Read More…

Pound Sterling weakens against US Dollar as investors see Trump tariffs less fearful

The Pound Sterling (GBP) falls back after posting a fresh two-month high near 1.2680 against the US Dollar in North American trading hours on Friday. The GBP/USD pair surrenders intraday gains and turns negative as the US Dollar bounces back. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, rebounds to near 106.65 from its Year-To-Date (YTD) low of around 106.30, which it posted on Thursday. Read More…

GBP/USD remains above 1.2650 near two-month highs

GBP/USD edged lower after hitting a two-month high of 1.2674 on Friday, trading around 1.2670 at the time of writing during the Asian session. However, the pair gained ground as the US Dollar (USD) struggled amid weak jobless claims data and mixed signals from the Federal Reserve (Fed). Read More…