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GBP/USD Price Analysis: Struggles at 1.3000, dives beneath 1.2950
The Pound Sterling begins the North American session on the backfoot and registers losses of 0.14% after failing to crack the 1.3000 figure. The lack of economic data from the United Kingdom boosted the Greenback, which was battered last week. The GBP/USD trades at 1.2946 after hitting a daily high of 1.2979. Read More…
Pound Sterling slumps after upbeat US Retail Sales report, focus is on UK Inflation
The Pound Sterling (GBP) falls sharply below the psychological figure of 1.3000 against the US Dollar (USD) in Tuesday’s New York session. The GBP/USD pair slumps as the United States (US) Retail Sales report for June shows better-than-expected sales receipts at retail stores. Monthly Retail Sales remained flat, as expected, from an upwardly revised reading of 0.3% in May. Read More…
GBP/USD maintains position around 1.2950 near 13-month highs
GBP/USD trades around 1.2960 during the Asian session on Tuesday, remaining close 13-month high at 1.2995 recorded in the previous session. The British Pound (GBP) may appreciate further as investors consider UK markets a more attractive investment destination compared to US markets, which face political uncertainties. The decisive victory of Keir Starmer’s Labour Party has assured stable fiscal policies and smooth ministerial appointments. Read More…
