GBP/USD steadies near 1.2150, stays on track to post weekly gains
GBP/USD declined toward 1.2100 during the European trading hours but regained its traction amid renewed US Dollar (USD) weakness. The pair seems to have stabilized at around 1.2150 in the American session and remains on track to end the week in positive territory. Read More…
GBP/USD trims a part of its intraday gains, holds comfortably above 1.2100 amid weaker USD
The GBP/USD pair builds on the previous day’s strong move up and scales higher for the second successive day on Friday. The pair, however, retreats a few pips from the daily peak touched during the early part of the European session and is currently placed around the 1.2135-1.2130 region, still up over 0.20% for the day. Read More…
GBP/USD clings to the consolidative mood – UOB
Further consolidation, likely within the 1.1950-1.2190 range, is expected in GBP/USD in the next weeks, noted UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia. Read More…
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Elroy Pepper