{"id":618959,"date":"2023-03-17T10:51:32","date_gmt":"2023-03-17T15:51:32","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/17\/pound-sterling-price-news-and-forecast-gbp-usd-bulls-pipe-up-to-test-h4-resistance\/"},"modified":"2023-03-17T10:51:32","modified_gmt":"2023-03-17T15:51:32","slug":"pound-sterling-price-news-and-forecast-gbp-usd-bulls-pipe-up-to-test-h4-resistance","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/17\/pound-sterling-price-news-and-forecast-gbp-usd-bulls-pipe-up-to-test-h4-resistance\/","title":{"rendered":"Pound Sterling Price News and Forecast: GBP\/USD bulls pipe up to test H4 resistance"},"content":{"rendered":"
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GBP\/USD bulls pipe up to test H4 resistance after ECB presser<\/h2>\n

GBP\/USD is taking on hourly resistance in the aftermath of the European Central Bank interest rate decision and press conference. The\u00a0ECB<\/a>\u00a0went ahead with a half-point rate hike on Thursday. Prior to the decision, market participants wondered if the Governing Council might balk. Nevertheless, the Euro sank and the US Dollar stabilized which is a weight for GBP. At the time of writing, GBP\/USD is trading 0.28% higher on the day and has traveled between a low of 1.2026 and 1.2112 so far. Read More…<\/a><\/p>\n

<\/p>\n

GBP\/USD reclaims 1.2100 amid modest USD weakness, upside potential seems limited<\/h2>\n<\/p>\n

The GBP\/USD pair<\/a>\u00a0attracts fresh buyers near the 1.2040-1.2035 region on Thursday and recovers further from the weekly low, around the 1.2000 psychological mark touched the previous day. Spot prices climb beyond the 1.2100 mark, or a fresh daily top during the early part of the European session and, for now, seems to have snapped a two-day losing streak. Read More…<\/a><\/p>\n

GBP\/USD sticks to the consolidative range near term \u2013 UOB<\/h2>\n<\/p>\n

Further range bound trade is still expected in\u00a0GBP\/USD<\/a>, likely within 1.1950 and 1.2190, suggest Markets Strategist at UOB Group Quek Ser Leang and Senior FX Strategist Peter Chia. Read More…<\/a><\/p>\n<\/p><\/div>\n

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Read More<\/a>
\n Margherita Volkman<\/p>\n","protected":false},"excerpt":{"rendered":"

GBP\/USD bulls pipe up to test H4 resistance after ECB presser GBP\/USD is taking on hourly resistance in the aftermath of the European Central Bank interest rate decision and press conference. The\u00a0ECB\u00a0went ahead with a half-point rate hike on Thursday. Prior to the decision, market participants wondered if the Governing Council might balk. Nevertheless, the<\/p>\n","protected":false},"author":1,"featured_media":618960,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2794,32662],"tags":[],"class_list":["post-618959","post","type-post","status-publish","format-standard","has-post-thumbnail","category-pound","category-sterling"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/618959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=618959"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/618959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/618960"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=618959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=618959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=618959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}