GBP/USD forecast: The sterling pound approaches a key support zone
After ending last week in negative territory, The GBP/USD is maintained under bearish pressure at the beginning of Monday and deeply quotes negative territory below 1,3600. A key support zone for the torque seems to have formed in 1,3560-1.3550.
The GBP/USD revolved downward in the second half of last week, pressured by political nerves in the United Kingdom and a renewed fortress of the US dollar (USD) due to optimistic employment data. At the beginning of Monday, the negative change in the feeling of risk allows the USD to remain resilient in front of its peers and make it difficult to find a point of support. Read more…
GBP/USD Weekly Perspectives: The sterling pound seeks maximum of several years as the Fed and GDP acts of the United Kingdom are approaching
The sterling pound (GBP) extended its recovery mode and reached its highest level since October 2021 against the US dollar (USD) before sellers intervened and sent to the GBP/USD to the 1,3650 region.
After stellar performance, which covered almost two weeks, GBP/USD buyers took a pause as exhaustion occurred. The main engine was again the dynamics of the US dollar, but they also felt the nerves in the British bond market in mid -week, undermining the recent upward impulse in the currency pair. 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.
