British Pound holds near six-month high as Hormuz hopes lift sentiment
The Pound Sterling (GBP) consolidates near a six-month high of 1.3675 on Tuesday as Middle East headlines improve risk appetite, while investors await the release of key US economic data and the speech by Federal Reserve (Fed) Chair Kevin Warsh at Jackson Hole. The GBP/USD pair trades at 1.3638, virtually unchanged. Read More…
British Pound hovers near six-month highs with investors awaiting key US events
The British Pound (GBP) remains practically flat for the second consecutive day against the US Dollar (USD), with markets on a “wait-and-see” stance, awaiting key US Inflation data on Wednesday and the Jackson Hole central bankers’ summit on Friday. The GBP/USD pair flatlines around 1.3630 with the six-month highs of 1.3675 reached last week still in the bulls’ target. Read More…
GBP/USD Price Forecast: Rally pauses below 1.3700
The British Pound (GBP) trades marginally higher against the US Dollar (USD) at around 1.3640 during the European trading session on Tuesday, even as the US Dollar Index (DXY) edges up, indicating strength in the British currency. Read More…
