The sterling pound prepares to close the fourth consecutive month in positive against the US dollar
The pound sterling (GBP) recovers some of its initial losses against the US dollar (USD) and recovers about 1,3470 during the American session on Friday. The GBP/USD pair bounces as the US dollar gives part of the initial profits after a publication of the president of the United States (USA), Donald Trump, in Truth.social that indicated that commercial tensions between Washington and Beijing have been renewed. Read more…
GBP/USD price forecast: trade below 1,3500; The bullish bias remains before US PCE data.
The GBP/USD torque attracts new vendors after the good rebound from the previous day from the 1.3415 zone, or the weekly minimum, in the middle of a modest rebound of the US dollar (USD). Cash prices are currently negotiated around the region of 1,3475-1.3470, with a 0.15% drop in the day, although the decline seems limited since operators could choose to wait for the publication of the US Personal Consumption Expenditure Index (PCE) of the USA.
GBP/USD recovers 1.35 waiting for key US inflation data.
The GBP/USD made an irregular relief rally on Thursday, jumping back to the level of 1,3500 while the markets are prepared for the last lot of inflation figures of the price index of the expenditure on personal consumption of the United States (PCE) that will be published on Friday. 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.
