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GBP/USD caught an intraday bump on Friday after a surprise miss in the US ISM Manufacturing Purchasing Managers Index (PMI) sparked renewed risk appetite on the back of fresh hopes for easing inflation to kick off a round of rate cuts from the Federal Reserve (Fed). Read More…
The Pound Sterling (GBP) finds support in Friday’s European session after closing in negative territory on Thursday. The GBP/USD pair holds key 1.2600 support amid hopes that the Bank of England (BoE) will begin reducing interest rates after the Federal Reserve (Fed). Read More…
The GBP/USD pair attracts some buying during the Asian session on Friday and for now, seems to have snapped a two-day losing streak to a one-week low, around the 1.2615-1.2610 region touched the previous day. Spot prices currently trade around the 1.2630-1.2635 zone and remain at the mercy of the US Dollar (USD) price dynamics. Read More…
