GBP/USD forecast: The sterling pound tests a key support while the USD is recovered by trade from the US and China
The GBP/USD is under strong bearish pressure at the beginning of the week and quotes at its lowest level since mid -April, below 1,3200. The positive feeling around the US dollar (USD) suggests that the torque could have difficulty starring in a rebound in the short term.
The USD continues to gain strength in front of its rivals after starting the week with a bullish tone. The USD index, which tracks the USD yield in front of a basket of six main currencies, rose more than 1% in the day, above 101.50 at the time of writing. Read more…
GBP/USD weekly perspective: The sterling pound seeks to resume the upward trend in a week full of data
The sterling pound (GBP) erased the weekly profits against the US dollar (USD) after that the GBP/USD pair broke the critical support of 1,3290.
The bassist impulse around the GBP/USD recovered traction in the second half of the week as the demand for the US dollar resurfaced after a weak start. 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.
