GBP/USD refreshes nine-week highs at 1.2517 and gains more than 0.30% in the mid-North American trading session after hitting a daily low of 1.2446. At the time of writing, the GBP/USD exchanges hands above the 1.2500 figure, keeping the bullish bias intact. Read More…
The GBP/USD pair attracts some dip-buying following an early dip to the 1.2440 area on Monday and builds on its steady ascent through the early part of the European session. Spot prices climb back closer to the 1.2500 psychological mark, with bulls now awaiting a sustained move and acceptance above the 100-day Simple Moving Average (SMA) before placing fresh bets. Read More…
In the view of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, extra upside is likely in GBP/USD while above the 1.2505 level. Read More…
