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 the United States (US) showed signs of cooling, according to the Job Openings and Labor Turnover Survey (JOLTS). The Federal 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 the Bank 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
The GBP/USD pair extends 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 technical analysis suggests that the pair remains within the descending channel pattern. Read More…
