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GBP/USD Price Forecast: Gains modestly after hitting record high above 1.3300 The Pound Sterling registered minimal gains versus the US Dollar during the North American session after reaching a two-and-a-half-year high of 1.3340 on an upbeat retail sales report in the UK. At the time of writing, the GBP/USD trades at 1.3282, a gain of 0.03%. Read More… Pound Sterling strengthens further as BoE Mann supports restrictive policy for longer The Pound Sterling (GBP) performs strongly against its major peers on Friday. The British currency strengthens as the United Kingdom (UK) Retail Sales data for August came in stronger than expected. The Retail Sales data, a key measure of consumer spending, rose at a robust pace of 2.5% on year, higher than the estimates of 1.4% and July’s print of 1.5%. On month, Retail Sales grew by 1% against expectations of 0.4% and the 0.5% advance registered in July. Read More… GBP/USD Price Forecast: Bulls retain control near 1.3300 mark, highest since March 2022 The GBP/USD pair trades with a positive bias for the third straight day on Friday and hovers around the 1.3300 mark during the Asian session, just below its highest level since March 2022 touched the previous day. Read More…   Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-gains-modestly-after-hitting-record-high-above-13300-202409201614

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Filed under: News - @ September 20, 2024 6:19 pm