GBP/USD Prognosis: The sterling pound struggles to gain traction as the feeling deteriorates
After the strong rebound on Thursday, the GBP/USD failed to make a decisive movement in any direction on Friday, but ended the week slightly higher. The pair remains in a consolidation phase around 1,2950 on Monday, while the technical perspective highlights a lack of bullish impulse.
The negative change observed in the feeling of risk makes it difficult for GBP/USD to win traction at the beginning of the week. Investors are increasingly concerned about a deepening of the global trade war and its possible adverse impact on economic perspectives. Read more…
GBP/USD Weekly Perspective: Libra sterling buyers remain hopeful despite the nerves by tariffs
The sterling pound (GBP) maintained its correction from four -month maximums against the US dollar (USD) during the past week, keeping the GBP/USD below the 1.3000 threshold. After a brief corrective period from maximum of several months above 1.3000, the GBP/USD entered a consolidation phase, ranging between 1.3000 and 1,2870.
The hopes of specific reciprocal tariffs by the US president Trump and the preliminary data of the PMI of S&P global of the United States stronger than expected helped to alleviate concerns about an economic deceleration, supporting the recovery of the US dollar while limiting 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.
