British Pound rebounds as US Dollar rally fades, UK politics stabilize
The Pound Sterling (GBP) gains 0.20% against the Greenback on Friday as the latter recoils after hitting year-to-date (YTD) highs, with money markets pricing in a less hawkishFederal Reserve(Fed), despite policymakers stating they will focus on inflation. The GBP/USD pair trades at 1.3217 after reaching a daily low of 1.3180. Read More…
British Pound picks up above 1.3200 with the YTD lows of 1.3140 close by
TheBritish Pound(GBP) is trading higher against the US Dollar (USD) for the second consecutive day on Friday, as the US Dollar’s rally faltered, with Oil prices returning to pre-war levels. The GBP/USD pair has returned to levels above 1.3200, turning positive in the weekly chart, but the broader bearish trend remains in play. Read More…
British Pound struggles to lure buyers amid UK politics as intervention fears support JPY
The GBP/JPY cross struggles to capitalize on the previous day’s modest recovery gains and seesaws between tepid gains/minor losses through the early European session on Friday. Spot prices currently trade just below mid-213.00s, nearly unchanged for the day amid mixed fundamental cues. Read More…
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