British Pound jumps as Treasury buyback weakens the US Dollar
The Pound Sterling (GBP) climbs against the US Dollar (USD) on Wednesday as the US Treasury stepped up in the markets to offer liquidity support via a buyback of longer-dated bonds, a day after the US 30-year yield hit its highest level since 2007. The GBP/USD pair trades at 1.3610 after reaching a daily high of 1.3630, the highest since May 11. Read More…
GBP/USD Price Forecast: More upside expected above 1.3570
The British Pound (GBP) is up 0.2% to near 1.3557 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair trades higher as the US Dollar faces selling pressure, with traders scaling back Federal Reserve (Fed) interest rate hike bets due to weak United States (US) economic data for August. Read More…
British Pound edges up within range following hotter UK inflation data
The British Pound (GBP) ticked up against the US Dollar (USD) on Monday, following the release of UK inflation data. The GBP/USD pair has returned to the mid-range of the 1.3500s on Wednesday, trading a few pips above 1.3550 at the time of writing, although it remains trapped within previous days’ range, below the 1.3570 resistance area. Read More…
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