GBP Exchange Rate

GBP found support above 1.2580 but was unable to extend gains above 1.2670. Weak UK data and hawkish comments from a Fed spokesman weighed on the pound. The dollar failed…

In the European session on Thursday, GBP/USD faced bearish pressure, slipping slightly below the 1.2600 level. Key technical support is seen at the 200-day Simple Moving Average (SMA) at 1.2590.…

In an environment of lack of liquidity in the market and light economic events in Europe and the United States, GBP/USD rose to 1.2632. U.S. durable goods orders exceeded expectations…

In early Asian trading on Thursday, GBP/USD attracted some sellers after falling from a daily high of 1.2640 to 1.2614. The latest hawkish comments from a Fed official supported the…

During Wednesday’s European session, the Pound Sterling (GBP) declined to 1.2600 against the US Dollar (USD) as investors anticipate that the Bank of England (BoE) may initiate interest rate cuts…

In early Asian trading on Wednesday, GBP/USD fell to 1.2620. GBP/USD talks about the key 100-day exponential moving average (EMA). Amid a bumpy road to inflation, many Federal Reserve (Fed)…

During the Asian session on Tuesday, the GBP/USD trend was moderate, but there was a lack of follow-up buying orders, and it still encountered obstacles at the mid-range of 1.2600,…

GBP/USD rose to 1.2639 on speculation that the Federal Reserve could cut interest rates in June. Federal Reserve officials expressed inconsistent views on the direction of policy, leading to the…

During the early European session on Monday, GBP/USD has managed to break its two-day losing streak, retracing recent losses and edging closer to the 1.2600 mark. The primary driver behind…

In early European trading on Monday, GBP/USD remained above the psychological support level of 1.2600. GBP/USD rebounded on the back of a weaker U.S. dollar and lower U.S. Treasury yields.…