GBP/USD slips to 10-week low as JOLTS miss offsets Fed caution
GBP/USD registers modest losses of over 0.10% on Tuesday after jobs data in theUnited States(US) showed signs of cooling, according to the Job Openings and Labor Turnover Survey (JOLTS). TheFederal Reserve(Fed) has begun its two-day monetary policy meeting, which will end on July 30. The pair trades at 1.3337 after dropping to a 10-week low of 1.3307. Read More…
Pound Sterling struggles as high UK inflation weighs on retail demand
The Pound Sterling (GBP) trades cautiously against its peers on Tuesday. The British currency has been underperforming over the last seven trading sessions due to cooling labor market conditions and elevated inflationary pressures, a scenario that could force theBank of England(BoE) to perform a balancing act in its monetary policy announcement next week. Read More…
GBP/USD Price Forecast: Falls below 1.3350 due to prevailing bearish bias
TheGBP/USD pairextends its losing streak for the fourth successive session, trading around 1.3340 during the Asian hours on Tuesday. The bearish bias prevails as the daily chart’s technicalanalysissuggests that the pair remains within the descending channel pattern. Read More…
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