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GBP/USD Price Forecast: Inches higher, yet struggles at 1.2785 The Pound Sterling continued to register gains on Friday yet found some resistance at 1.2773, shy of hitting the 50-day moving average (DMA) at 1.2785, which, if cleared, could pave the way for further upside. However, the GBP/USD retreats somewhat and registers modest gains of 0.11%, trading at 1.2760. Read More… GBP/USD Price Forecast: Gives up intraday gains amid cautious mood The GBP/USD pair surrenders its intraday gains and falls back to near 1.2730 in Friday’s New York session. The Cable comes under pressure amid cautious market mood. The S&P 500 opens with some losses, exhibiting that the risk-appetite of investors is weak. Read More… GBP/USD rises toward 1.2800 due to rising odds of a Fed rate cut in September GBP/USD trades around 1.2770 during the early European hours, appreciating for the second successive day on Friday. This upside of the GBP/USD pair could be attributed to the rising expectations of the US Federal Reserve (Fed) implementing a rate cut in September. Read More…     Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-inches-higher-yet-struggles-at-12785-202408091647

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Filed under: News - @ August 10, 2024 4:12 pm