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GBP/USD Price Forecast: Falls and consolidates at around 1.3050 The Pound Sterling begins the week on the back foot amid a scarce economic docket on Monday, which will gather traction on Tuesday with the UK’s employment report. At the time of writing, the GBP/USD trades at 1.3046 and loses 0.09% amid thin trading conditions. Read More… GBP/USD Price Forecast: Bears have the upper hand, 50-day SMA breakdown in play The GBP/USD pair extends its sideways consolidative price move at the start of a new week and oscillates in a narrow trading band around mid-1.3000s through the first half of the European session. Meanwhile, spot prices remain close to a one-month low and seem vulnerable to prolonging the recent retracement slide from the 1.3535 area, or the highest level since March 2022 touched last month. Read More… GBP/USD softens to near 1.3050 on firmer US Dollar, dovish BoE The GBP/USD pair trades with mild losses around 1.3060 during the early European session on Monday. The safe-haven flows amid rising geopolitical risks underpin the Greenback and drag the major pair lower. Investors will closely monitor the UK employment data, which is due on Tuesday. Read More…     Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-falls-and-consolidates-at-around-13050-202410141652

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Filed under: News - @ October 14, 2024 5:26 pm