GBP/USD holds ground despite overbought conditions [Video]

GBP/USD Forecast: Pound Sterling holds floor regardless of overbought situations

GBP/USD prolonged its weekly uptrend and touched a recent month-to-month excessive close to 1.3600 earlier than correcting decrease. The pair’s near-term technical outlook continues to point out overbought readings as buyers await mid-tier knowledge releases.

The chance-positive market environment made it troublesome for the US Greenback (USD) to seek out demand on Wednesday and helped GBP/USD to continues to push greater. Learn extra…

Pound hits multi-week excessive as markets await GDP knowledge

The GBP/USD pair climbed to 1.3575 on Thursday, marking a recent three-week excessive. The uptick adopted encouraging UK labour market knowledge, which confirmed fewer job losses than anticipated in July, easing financial considerations.

Employment figures revealed a decline of simply 8,000 staff—nicely under the forecasted 20,000—whereas earlier months’ knowledge was revised upwards. This means resilience within the labour market, regardless of the Labour authorities’s £26 billion tax hike. Learn extra…

GBP/USD forecast: Submit-CPI breakout holds close to 1.36 as Fed minimize odds hit 95.8% [Video]

Sterling has prolonged its bullish momentum towards the U.S. greenback, buying and selling under the 1.36 stage after a strong post-CPI surge. The rally unfolded in a sequence that blended liquidity ideas with macro fundamentals, significantly, CPI because the catalyst for upside. Learn extra…