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GBP/USD Price Analysis: Slips below 1.2800 amid market turmoil
The Pound Sterling edges lower after trimming some of its earlier losses due to a bloodbath in the financial markets, led by Asian equities, which triggered circuit breakers halting trading as losses deepened. The GBP/USD trades at 1.2772, down by 0.20%. Read More…
Pound Sterling slumps as US economic slowdown prompts global risk-aversion
The Pound Sterling (GBP) slumps to nearly 1.2770 against the US Dollar (USD) in Monday’s American session. The GBP/USD pair weakens as risk-aversion intensifies on deepening Middle East risks. Also, the Cable drops sharply despite the plummeting USD. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, plunges to near 102.40, the lowest since March 11. Read More…
GBP/USD hovers around 1.2800 with aiming to extend gains due to risk-on mood
GBP/USD edges lower to near 1.2790 during the Asian session on Monday, which could be attributed to the downside of the US Dollar (USD). The Greenback faces challenges due to increased expectations of the Federal Reserve’s (Fed) reducing interest rates in September. Read More…
