GBP/USD softens from a maximum of several years in the middle of a scarce trade, BOE speeches are expected
The sterling pound (GBP) is negotiating laterally against the US dollar (USD) after reaching its highest level in three years at the beginning of this week’s session. The GBP/USD torque shot at 1,3593 at the beginning of Monday’s session. At the time of writing, the pair has retreated some of the initial profits to quote around 1,3560 during the late American session in the midst of trade volumes reduced by the holidays. Read more…
The sterling pound is negotiated in the middle of the spring holiday
Libra sterling (GBP) surpasses its other peers, except antipodeans, at the beginning of the week. The British currency wins as the participants of the financial market reassess the expectations about the monetary policy perspective of the Bank of England (BOE) after the publication of a stronger growth than projected in the consumer price index (CPI) and the retail sales data of the United Kingdom for April. Read more…
GBP/USD price forecast: brand new maximums of 39 months about 1,3600
The GBP/USD pair extends its winning streak for second consecutive session, quoting around 1,3580 during the Asian hours of Monday. The technical analysis of the daily chart suggests that an upward bias prevails as the torque moves 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.
