GBP/USD faces resistance at 1.1930 after rebounding off YTD lows at 1.1800s
GBP/USD bounces off the YTD lows of 1.1802 and rises above 1.1900, following Powell’s two-day appearance at the US Congress. Although Powell’s stance turned hawkish, US Thursday’s data might help the Fed to gradually increase rates, though further confirmation is needed on Friday’s Nonfarm Payrolls. At the time of writing, the GBP/USD is trading at 1.1905 after hitting a low of 1.1828. Read More…
The GBP/USD pair builds on the overnight modest bounce from the 1.1800 neighbourhood, or its lowest level since November and edges higher for the second successive day on Thursday. The pair sticks to a mildly positive tone and trades above the mid-1.1800s during the early part of the European session, though any meaningful upside still seems elusive. Read More…
In the view of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, extra pullbacks could motivate GBP/USD to revisit the 1.1750 zone in the near term. Read More…
