GBP/USD Price Forecast: Drops from yearly peak amid soft US Dollar
The Pound Sterling registered minuscule losses against the Greenback, yet it remains close to two-year peak levels on Friday. The US Bureau of Economic Analysis revealed that inflation is about to hit the Fed’s 2% target. At the time of writing, the GBP/USD trades at 1.3403, down 0.08%. Read More…
Pound Sterling reclaims 1.3400 on soft US PCE inflation
The Pound Sterling (GBP) recovers sharply above the round-level resistance of 1.3400 against the US Dollar (USD) in Friday’s North American session. The GBP/USD pair gains strength after the release of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for August, which showed that price pressures grew at a slower-than expected pace. Read More…
GBP/USD retreats from its highest level since March 2022, slips below 1.3400 mark
The GBP/USD pair drifts lower during the Asian session on Friday and moves away from its highest levels since March 2022, around the 1.3435 region touched the previous day. Spot prices slide below the 1.3400 mark in the last hour amid a modest US Dollar (USD) uptick, though any meaningful corrective decline still seems elusive. Read More…