GBP/USD is higher on the day having traded up to 1.2377 in recent trade while the US dollar tails off and gives flight to risky assets and risk-on forex such as GBP. The Great British Pound rallied from a low of 1.2312 as interest rate sentiment for the Bank of England continues to support the currency despite the bearish technical developments on the charts. Read More…
The GBP/USD pair finds some support ahead of the 1.2300 round figure on Thursday and for now, seems to have stalled the previous day’s pullback from its highest level since December 14. The pair, however, struggles to gain any meaningful traction and remains confined in a range below mid-1.2300s through the mid-European session. Read More…
GBP/USD Price Analysis: Steadies above 1.2300 inside key trading zone
GBP/USD struggles for clear directions as it floats around 1.2330 amid the initial hour of London open on Thursday. In doing so, the Cable pair trades within an important trading region amid contrasting oscillators. Read More…
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- Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-technical-bias-remains-bearish-while-below-12400-202301191845