GBP/USD stalls as US data dominates a quiet UK week

GBP/USD stalls as US data dominates a quiet UK week

The post GBP/USD stalls as US data dominates a quiet UK week appeared on BitcoinEthereumNews.com. GBP/USD ended Tuesday near where it started, settling close to 1.3545 after a narrow session capped by resistance around 1.3550. Price has held a roughly 60-pip range across the past two sessions, with overlapping wicks pointing to a market lacking conviction in either direction. With the UK economic calendar quiet through to the weekend, GBP/USD di…

Sterling strength puts rate expectations back in focus

Sterling enters the new week with investors weighing recent gains against a more cautious market backdrop. The Pound reached a two-month high against the Dollar and a five-week high against the Euro after the Bank of England left interest rates unchanged, but early trading has shown some loss of momentum. GBP/USD opened around 1.35, while GBP/EUR remained below 1.16, leaving investors focused on whether recent strength can be sustained. The Bank…

Pound Sterling to Dollar Forecast: GBP Retreats as Iran Tensions Boost Oil, USD

The Pound to Dollar exchange rate (GBP/USD) briefly surged to 6-week highs above 1.3650 before retreating back toward 1.3550, as renewed tensions in the Middle East triggered a rebound in oil prices and supported the dollar.