Pound Sterling Price News and Forecast: GBP/USD remains sidelined around the monthly bottom


GBP/USD retreats towards monthly bottom below 1.4100, focus UK CPI, Jerome Powell

GBP/USD refreshes intraday low to 1.4077 within a choppy range below 1.4100 during Wednesday’s Asian session. The cable pair dropped to the lowest in a month the previous day before bouncing off 1.4034. However, chatters surrounding UK’s covid conditions and Brexit woes join the pre-data/event cautious sentiment to weigh on the quote of late.

Read More …

GBP/USD Price Analysis: Bears in control, cling to multi-day support near 1.4080

The GBP/USD pair started the session on Wednesday on a lower note. The pair recovered from the low of 1.4034 on Tuesday to close near the 1.4080 mark, where it waivers now. On the daily chart, the GBP/USD pair has been pressurized near the 1.4225 mark, with the formation of multiple tops in the region. The pair closed below the 1.4100 key psychological mark for the first time since May 17.

Read More …

Articles You May Like

Pound Sterling Price News and Forecast: GBP/USD reached 7-week highs
Gold tumbles Rs 480; silver declines Rs 345
Live XAUUSD GOLD 5M Chart Scalping Forex Trading Strategy
Aussie Falters after RBA Minutes; Canada CPI Awaited
Live XAUUSD- FTMO Fund- My Trading Strategy- 3/27/2023