GBP/USD slides toward 1.3200 as Trump threats boost US Dollar
The British Pound retreats during the North American session after US President Donald Trump escalated the conflict, hinting that it will at least extend for two to three weeks. At the time of writing, the GBP/USD trades at 1.32144, down 0.40%. Read More…
GBP/USD recovers from March lows as traders brace for Trump speech and Good Friday NFP
GBP/USD posted a solid recovery on Wednesday, climbing around 0.6% to trade back above the 1.3300 level after spending much of late March pinned below that figure. The pair remains well off its January highs near 1.3850 and is trading beneath both its 50-day and 200-day exponential moving averages, which sit near 1.3400 and 1.3350, respectively, but the bounce from the March low near 1.3150 has some legs. The Stochastic RSI has pushed back toward overbought territory, suggesting short-term momentum is stretched to the upside even as the broader trend remains bearish. Read More…
GBP/USD climbs above 1.3300 as Trump remarks boost sentiment
The Pound Sterling (GBP) advances over 0.70% on Wednesday as risk appetite improved amid speculation of an end to the Middle East conflict, following US President Donald Trump’s statement, “We’re going to be out of Iran pretty quickly.” GBP/USD trades above 1.3300 after bouncing off daily lows of 1.3216. Read More…
