Pound Sterling Price News and Forecast: GBP/USD climbs towards 1.2390

Pound Sterling Price News and Forecast: GBP/USD climbs towards 1.2390

GBP/USD climbs towards 1.2390, bouncing from lows hit at the 1.2330 area

GBP/USD seesaws during the North American session, around the 1.2360-1.2390 region, around the London Fix, unable to gain a clear direction.Risk appetiteincreased, which usually favorsthe PoundSterling (GBP), but soft UK economic data weighed on the GBP/USD. At the time of writing, the GBP/USD exchanges hands at 1.2391. Read More…

GBP/USD to retest key resistance at 1.2450/60 and beyond – Scotiabank

GBP/USD is on the back foot, having faced rejection at 1.2400. Economists at Scotiabank expect the pair to move higher and retest key resistance at 1.2450/60. Read More…

GBP/USD slides to 1.2350 on downbeat UK Retail Sales and Fed concerns

GBP/USD takes offers to refresh intraday low near 1.2350 as UK Retail Sales disappoint during early Friday. It’s worth noting, however, that the recently hawkish comments fromBank of England(BoE) Governor Andrew Bailey and upbeat forecasts from JP Morgan seem to put a floor under theCablepair. Read More…

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