The Pound Sterling (GBP) edges down from a two-week high of 1.2570 but holds above the psychological support of 1.2500 against the US Dollar (USD) in Tuesday’s London session.
The Pound Sterling falls to 1.2530 as investors turn cautious ahead of the Fed ’s policy announcement. Investors will also focus on US Manufacturing PMI and labor market data in addition to the Fed 's policy. Market expectations for UK interest rates will guide the Pound Sterling. The Pound Sterling edges down from a two-week high of 1.2570 but holds above the psychological support of 1.2500 against the US Dollar in Tuesday’s London session.
0 threshold. The agency reported a sharp decline in the scale of production and new orders due to inflationary pressures, weak demand and sufficient stock holdings at customers. Later this week, the US Dollar will be guided by the Nonfarm Payrolls report for April, which will be published on Friday. Technical Analysis: Pound Sterling holds the 1.2500 support The Pound Sterling falls from a two-week high of 1.2570 against the Greenback.
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