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GBP
GBP, Technical Analysis, USD
British Pound languishes near weekly low, below 1.3600 as USD bulls await Warsh’s speech
The GBP/USD pair is seen consolidating near the lower end of its weekly range, below the 1.3600 mark, during the Asian session on Thursday. The downside, however, remains cushioned as traders look for more cues about the US Federal Reserve’s (Fed) interest rate path before placing fresh directional bets. Data released on Wednesday showed that […]
by Currency Hedger
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- 3 weeks ago
GBP, Technical Analysis, USD
British Pound edges lower below 1.3650 as traders await US PCE release
The GBP/USD pair declines to near 1.3625 during the early European trading hours on Wednesday. The US Dollar (USD) edges higher against the British Pound (GBP) as markets turn cautious ahead of the US July Personal Consumption Expenditures (PCE) Price Index data, which is due later on Wednesday. US Treasury Secretary Scott Bessent said last week that […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
GBP, Technical Analysis, USD
GBP holds range below mid-1.3600s as USD firms amid Fed risks and Iran tensions
The GBP/USD pair extends its sideways consolidative price move for the second straight day and trades around the 1.3630 area during the Asian session on Tuesday. The US Dollar (USD) is looking to build on its modest recovery from the lowest level since May 14 and is acting as a headwind for the currency pair. […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
GBP, Technical Analysis, USD
British Pound holds near Feb. 11 highs vs weak USD as bulls await breakout above 1.3660
The GBP/USD pair trades with a positive bias around mid-1.3600s at the start of a new week and remains well within striking distance of its highest level since February 11, touched on Friday. Moreover, the fundamental backdrop favors bullish traders and backs the case for an extension of a nearly one-month-old uptrend. The US Dollar […]
by Currency Hedger
- 0 Comments
- 3 weeks ago