GBP/USD lost more than 50 pips on Wednesday and declined below 1.2100 early Thursday. The pair remains technically bearish in the near term and the so
GBP/USD Forecast: Sellers to retain control while Pound Sterling remains below 1.2100 uring market mood suggests that a steady recovery could be hard to come by. Escalating geopolitical tensions caused investors to seek refuge late Wednesday, helping the US Dollar continue to outperform its risk-sensitive rivals. News of Israeli militarypreparing for a ground incursion into the Gaza region revived fears over a deepening crisis in the Middle East. Read more...
Pound Sterling weakens on risk-off mood amid Middle East conflicts The Pound Sterling continues to face intense selling pressure amiddismal market sentiment due to escalating tensions in the Middle East combines with a poor economic outlook for the United Kingdom. The GBP/USD pair continues its losing streak for the third trading session in a row as labor market conditions and business activity in the UK region are deteriorating due to a decline in new business orders.
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GBP/USD Price Analysis: Stalls its decline, the key upside barrier is seen at 1.2200The GBP/USD pair stalls its decline and holds below the 1.2200 mark during the Asian session on Wednesday. A decline of the US Dollar (USD) and a retr
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Pound Sterling Price News and Forecast: GBP/USD recovers some lost ground near 1.2170 on the softer USDThe GBP/USD pair stalls its decline and holds below the 1.2200 mark during the Asian session on Wednesday. A decline of the US Dollar (USD) and a retr
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Pound Sterling declines as poor economic outlook warrants another BoE pauseThe Pound Sterling (GBP) looks set for a breakdown as expectations of a mild recession in the United Kingdom economy have escalated. The GBP/USD pair
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