British Pound steadies as Starmer ouster fears rock UK Gilts
The Pound Sterling (GBP) holds modestly firm against the US Dollar (USD) during the North American session on Monday, down a minimal 0.06% as pressure mounts on the UK’s Prime Minister Keir Starmer as his party sustained losses in local elections. The GBP/USD pair trades at 1.3625 after hitting a daily high of 1.3630. Read More…
GBP/USD Price Forecast: Buyers retain control above 200-day SMA
GBP/USD recovers some ground after opening the week with a bearish gap as geopolitical headlines surrounding the Middle East continue to stir volatility across financial markets. At the time of writing, the pair is trading around 1.3614 after bouncing from an intraday low near 1.3553, though it remains down around 0.14% on the day. Read More…
British Pound recovers further vs USD; GBP/USD holds near daily peak, above 1.3600
The GBP/USD pair fills a major part of its weekly bearish gap opening on Monday and is now looking to extend the momentum further beyond the 1.3600 mark. Spot prices, however, remain below the 1.3635 horizontal resistance and the highest level since February 16, touched earlier this month, warranting caution for bullish traders amid a modest US Dollar (USD) strength. Read More…
