GBP/USD forecast: The sterling pound establishes a negotiation range before the next break
The GBP/USD managed to bounce from the minimum of several days it established at the beginning of Thursday and ended the day with small profits. The torque struggles to gather directional impulse in the early hours of Friday and is negotiated in a narrow range below 1,3500.
The US dollar (USD) failed to preserve its strength on Thursday, since the Federal Circuit Court of Appeals decided to restore the reciprocal tariffs of US President Donald Trump, which were blocked by the International Trade Court on Wednesday. Read more…
GBP/USD forecast: The sterling pound could extend its fall if the 1,3380-1.3370 support fails
After closing the second consecutive day in negative territory on Wednesday, The GBP/USD extended its fall in the Asian session on Thursday and touched its lowest level in six days below 1,3420. The pair starred in a rebound in the early hours of the European session and was negotiating little changed in the day above 1,3450.
The improved feeling around the economic perspectives of the United States (USA) promoted the US dollar and caused the GBP/USD to extend down. 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.
