GBP/USD steady around 1.3650 amid a mixed market sentiment
GBP/USD climbs around this week’s tops 1.3670’s area, on broad US dollar selling pressure. Inflationary pressures threaten to derail the economic recovery. UK GDP for August increased by 6.9%, better than expected. US CPI rose to 5.4%, the highest gain since 2008. During the New York session, the British pound advances almost half percent, trading at 1.3651 at the time of writing. The market sentiment is mixed, as US equity indexes seesaw between gains and losses. Read more...
GBP/USD Forecast: British pound showing signs of life on renewed Brexit optimism
GBP/USD has regained its traction in the European session. EU will reportedly ready offer fewer N. Ireland border checks on UK goods. Investors largely ignored mixed data releases from UK. The British pound suffered small losses in the first two trading days of the week but seems to have started to shake off the cobwebs on renewed Brexit optimism. Read more...
GBP/USD forms bullish flag pattern ahead of UK data
The GBPUSD price was little changed ahead of the upcoming UK GDP data. It is trading at 1.3582, which was slightly above the lower side of the ascending channel. The pair has moved to the 25-day moving average. It has also formed a bullish flag pattern. Meanwhile, the MACD and the Relative Strength Index (RSI) are at the neutral level. Therefore, the pair will likely rebound later today as bulls target the upper side of the channel. Read more...
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