GBP/USD fell below 1.3450 after the release of final UK manufacturing PMI data
Sterling was rejected at 1.3475 in the early trading session in London on Friday, and has retreated to session lows of the 1.3450 area at the time of writing. The pair turned negative on the daily chart after the downward revision of the December US$ global manufacturing PMI in the UK, but remains within the weekly range, above 1.3400. Read more…
GBP/USD Price Forecast: Remains above the 9-day EMA near 1.3450
The GBP/USD pair rose on the first day of the year, trading around the 1.3470 level during Asian business hours on Friday. Technical analysis on the daily chart indicates a weak bullish bias, as the pair is still slightly below the lower border of the ascending channel pattern. Read more…
GBP/USD gathers strength above 1.3450 on Fed rate cut bets and gradual Bank of England policy path
The GBP/USD pair is gathering strength to around 1.3480 during the early Asian session on Friday. Expectations of interest rate cuts by the US Federal Reserve (Fed) this year are weighing on the US dollar (USD) against the British pound (GBP). Philadelphia Fed President Anna Paulson is scheduled to speak later over the weekend. Read more…
