GBP/USD bulls hope US prices have cooled, eye break of 1.2520
GBP/USD has traveled within a range of 1.2379 and 1.2456 on the day and is up around 0.3% currently at 1.2420. Read More…
GBP/USD eases from daily peak, still well bid above 1.2400 amid broad-based USD weakness
The GBP/USD pair catches fresh bids on Tuesday and snaps a four-day losing streak to over a one-week low, around the 1.2345 region touched the previous day. The pair sticks to its strong intraday gains heading into the North American session and trades around the 1.2435-1.2440 area, just a few pips below the daily high. Read More…
GBP/USD shifts business above 1.2400 as anxiety among investors ahead of US Inflation recedes
GBP/USD has managed to shift its auction above the round-level resistance of 1.2400 in the early European session. The Cable has attracted bids as investors are showing maturity to the accelerating chances of more rate hikes from the Federal Reserve (Fed). The US Dollar has remained in a negative trajectory in the Asian session as anxiety among the market participants ahead of the release of the United States Consumer Price Index (CPI) has receded. Read More…
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Erasmo Ramage