GBP/USD Forecast: Pound Sterling could face strong resistance at 1.2670
GBP/USD closed the first trading day of the week marginally higher but struggled to gather recovery momentum on Tuesday. As trading action turns subdued ahead of Wednesday’s key inflation data from the US, the pair could have a difficult time making a decisive move in either direction. Read more…
Pound Sterling capitalizes on cheerful market mood, US Inflation in focus
The Pound Sterling (GBP) moves higher against the US Dollar in Tuesday’s late London session. The GBP/USD pair gains as market mood remains risk-on despite uncertainty ahead of the United States Consumer Price Index (CPI) data for March, which will be published on Wednesday. The economic data will likely provide some clues about when the Federal Reserve (Fed) could start reducing interest rates. Read more…
GBP/USD clings to 1.2650 amid improved risk appetite, awaits US CPI
GBP/USD holds ground in the positive territory, hovering around 1.2650 during the Asian session on Tuesday. The pair gained ground on improved risk appetite ahead of Consumer Price Index data scheduled on Wednesday. Read more…
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