GBP/USD recovers amid rate cut rumblings in the UK and US
The Pound Sterling stages a mild recovery against the US Dollar in the mid-North American session, as the Greenback remains offered amid speculations the Federal Reserve would cut rates in June. At the time of writing, the GBP/USD trades at 1.2639. gains 0.32%. Read More…
GBP/USD gets a pick-me-up after last week’s heavy selling
GBP/USD saw a fillip on Monday, rising by almost four tenths of a percent to the mid 1.2600s on a mixture of better-than-expected UK retail sales data, profit taking after the recent steep sell-off and the US Dollar (USD) being broadly sold following intervention by authorities to prop up their currencies in Asia. Read More…
GBP/USD rebounds on subdued US Dollar, inches higher to near 1.2600
GBP/USD snaps a two-day losing streak, retracing recent losses and trading near 1.2600 during the early European session on Monday. The decline in the US Dollar (USD) appears to be the catalyst underpinning the GBP/USD pair. Read More…
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