GBP/USD forecast: The sterling pound is still on the way to register weekly profits
The GBP/USD moves laterally in a narrow range above 1,3250 during the European session on Friday after registering small profits on Thursday. The pair is still on the way to end the week in positive territory.
The American dollar index (USD), which follows the performance of the USD in front of a basket of six main currencies, closed slightly on Thursday, supported by the encouraging weekly data of initial applications for unemployment subsidy. The number of applications for the first time for unemployment benefits decreased to 215,000 from 224,000 in the previous week. Read more…
GBP/USD forecast: The sterling pound keeps a bullish bias before the long weekend
After reaching a new maximum of 2025 about 1,3300 on Wednesday, The GBP/USD lost its bullish impulse and ended the day practically unchanged. The PAR extends its lateral movement around 1,3250 during the European session on Thursday.
The improvement of the feeling of risk helps GBP/USD to stand firm on Thursday, but the modest recovery observed in the US dollar (USD) limits the torque potential. Read more…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
