GBP/USD Price Analysis: Soars as bulls set their sights at 1.3000
The Pound Serling rallied sharply against the US Dollar on Friday, up by more than 0.50% even though US inflation data on the producer front was slightly higher than expected, contrary to consumer prices revealed on Thursday. The GBP/USD trades at 1.2981 after bouncing off daily lows of 1.2901. Read More…
Pound Sterling surges as soft US Inflation boosts Fed rate-cut prospects
The Pound Sterling (GBP) gains to an annual high near 1.2950 against the US Dollar (USD) in Friday’s New York session. The GBP/USD pair strengthens as softer-than-expected United States (US) Consumer Price Index (CPI) data for June has boosted expectations of rate cuts by the Federal Reserve (Fed). Traders bet that the Fed will start reducing interest rates from the September meeting. Read More…
GBP/USD flat lines around 1.2900 mark, below one-year peak touched on Thursday
The GBP/USD pair seesaws between tepid gains/minor losses around the 1.2900 mark during the Asian session on Friday and remains well within the striking distance of a one-year peak touched the previous day. Read More…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : FXStreet – https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-soars-as-bulls-set-their-sights-at-13000-202407121522
