The British pound is turning upside down against its peers
The British pound gives up early gains against the US dollar and falls to near 1.3520 during the European trading session on Tuesday. GBP/USD is falling as the US dollar recovers from early losses.
As of writing, the US Dollar Index (DXY), which tracks the value of the dollar against six major currencies, is trading slightly higher near 98.45. Read more…
GBP/USD: Likely to test 1.3560 before stabilizing – UOB Group
There is a chance of a sharp rise in the British pound to test the 1.3560 level before stabilizing. The price is not expected to appear at 1.3590 today. In the long termThe pound may rise to 1.3590; Kwik Ser Liang and Peter Chia, FX market analysts at UOB Group, point out that the chances of the rally continuing above this level are not high. Read more…
The US dollar declines as the risk sentiment of the British pound strengthens – OCBC
The US dollar (USD), a safe haven, lost ground after an early strong start. Tracking the broader risk appetite sentiment, while the British pound rose (GBP) outperformed its G10 peers overnight, noted OCBC FX analysts Sim Moh Siong and Christopher Wong. Read more…
