GBP/USD Price Analysis: Clings to modest intraday gains, not out of the woods yet
GBP/USD staged a modest bounce from two-week lows, though lacked any follow-through. Descending triangle support
Financial and Business News
GBP/USD staged a modest bounce from two-week lows, though lacked any follow-through. Descending triangle support
GBP/USD under pressure amid USD strength, Brexit concerns. UK political woes and covid concerns also
GBP/USD rebounds from one-week low, struggles of late. UK PM Johnson warned over plotting Chancellor
US dollar extends gains during the American session as US yields soar. Cable fails to
Early Thursday morning in Asia, Reuters came out with the piece suggesting the Bank of
Ahead of the Bank of England’s (BOE) Super Thursday events, the central bank’s former Monetary
GBP/USD gained some follow-through traction for the second straight session on Wednesday. A combination of
UK Final Services PMI upwardly revised to 59.6 in July. GBP/USD remains uninspired near 1.3930
GBP/USD struggles to extend recovery moves from previous resistance line. 100-DMA guards immediate upside, 50-DMA
Economists at HSBC do not expect a hawkish shift at the Bank of England’s meeting