The sterling pound recovers against the US dollar in the face of the fears of recession in the USA.
The sterling pound (GBP) bounces around 1,2800 against the US dollar (USD) in the American session on Tuesday from the monthly minimum of 1,2707 registered on Monday. The GBP/USD pair recovers as the US dollar resumes its downward movement after an ephemeral recovery in the last two days of negotiation. The dollar index (DXY), which tracks the value of the dollar against six main currencies, falls to about 103.00. Read more…
GBP/USD gives slightly down – Scotiabank
The sterling pound (GBP) is weak, falling a modest 0.2% against the US dollar (USD) and is an intermediate yield between the G10 currencies, says the head of FX Strategy of Scotiabank, Shaun Osborne.
“The response of the United Kingdom PM, Starmer, to commercial tensions seems to focus on measures Domestic aimed at regulatory reforms and tax cuts for the sectors affected by the US tariffs have also changed, with the markets moving to discount a complete cut of 25 basic points for the BOE meeting of May 8, adding around 5 basic points in the last week. “Read more …
GBP/USD: Ready to go to 1,2675 before stabilizing – UOB Group
The sterling pound (GBP) could go down to 1,2675 before a stabilization occurs against the US dollar (USD); Any additional fall is unlikely to reach 1,2580. In the long term, the GBP could decline more; It is not clear if you can reach the following important support in 1,2580, the FX analysts of UOB Group, to be Leang and Peter Chia point.
24 -hour vision: “The GBP fell sharply for the second consecutive day yesterday, closing 1.41% in 1,2724. The strong fall in recent days is deeply overstock. However, the GBP could go down to 1,2675 before stabilization occurs. Any additional fall is unlikely to reach the following important support in 1,2580. The resistance is in 1,2820; a break of 1,2870 would indicate that the current downward pressure has decreased. “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.
