GBP/USD is recovered and remains about 1,3400 in the midst of the US dollar weakness
The sterling pound begins the week with a positive note, ready to close April, rises 0.65% while the US dollar continues to weaken and the appetite for the risk improves. At the time of writing, the GBP/USD operates about 1,3400 after bouncing from daily minimums of 1,3279. read more …
The pound sterling begins the week with force
The sterling pound (GBP) exceeds its peers at the beginning of the week despite the firm expectations that the Bank of England (BOE) will cut interest rates at 25 basic points (PB) up to 4.25% at the policy meeting on May 8. The BOE dovish bets have increased in the midst of fears that the new US tariff policy will weaken economic growth in the United Kingdom (UK), already measure that inflationary pressures seem to be decreasing. Read more…
GBP/USD price forecast: Find support about 1,3300 after breaking below the upward channel
The GBP/USD pair is stabilized around 1,3320 during negotiation hours in Asia on Monday, after registering losses in the previous session. The technical analysis of the daily graphic suggests a weakened bullish trend, since the pair breaks below its pattern of ascending channel. 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.
