Pound Sterling Price News and Forecast: GBP/USD slips as strong US Retail Sales revive USD demand

GBP/USD slips as strong US Retail Sales revive USD demand

GBP/USD retreats, losing 0.18%, as the US Dollar recovers following a solid US Retail Sales report. Data in the UK reveals the labor market remains solid, while traders digest headlines from the Fed Chair nominee, Kevin Warsh, at the US Senate. The pair trades at 1.3507, after reaching a daily high of 1.3539. Read More…

GBP/USD Price Forecast: Falls toward 1.3500 near nine-day EMA support

GBP/USD inches lower after registering modest gains in the previous day, trading around 1.3520 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates an ongoing bullish bias, as the pair moves within the ascending channel pattern. Read More…

GBP/USD holds above 1.35 as Iran deadline and UK data wave loom

GBP/USD advanced 0.1% on Monday, trading around 1.3530 after pulling back from last week’s peak near 1.3600. The pair has spent recent sessions consolidating between 1.3500 and 1.3600, with small-bodied daily candles pointing to hesitation following the strong recovery from early April lows close to 1.3160. Bullish momentum has cooled at the top of the range. Read More…