GBP/USD approaches maximum of several weeks, with the view in 1.3000
The sterling pound advances as the dollar weakens, testing the maximum of last week of 1,2987. Investors are attentive to crucial monetary policy decisions of the US Federal Reserve (Fed) and the Bank of England (BOE). The GBP/USD quotes in 1,2975, an increase of 0.31%. Read more…
The sterling pound rises in front of the US dollar before the monetary policy of the Fed and the BOE
The sterling pound (GBP) jumps to about 1,2970 against the US dollar (USD) at the beginning of the week. The GBP/USD torque raises while the dollar index, which tracks the value of the dollar against six main currencies, has decreased to about 103.50. The USD index weakens while investors expect the monetary policy decision of the Federal Reserve (FED) and the Bank of England (BOE), which will be announced on Wednesday and Thursday, respectively. It is expected that both the Fed and the BOE will keep stable interest rates. Read more…
GBP/USD price forecast: moves below 1,2950 to the nine -day EMA
The GBP/USD pair extends its loss streak per third consecutive session, quoting around 1,2940 during the Asian hours of Monday. The technical analysis of the daily chart suggests a continuous bullish bias, with the torque moving up into an ascending channel pattern. 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.
