GBPUSD edged higher on Friday, reaching the 1.2680s, as traders reduce their short exposure before the weekend. The British pound-dollar currency pair claws its way up from intraday oversold levels reached on
The EURGBP cross gathered strength to around 0.8295 during the early European session on Tuesday. The Pound Sterling weakened against the Euro after the recent mixed UK labour market data. The attention
The US dollar struggled to find demand following mixed macroeconomic data releases on Thursday. The Initial Jobless Claims declined by 12,000 to 216,000 for the week ending October 26, while the Employment
The GBPUSD pair extends the decline to around 1.2945 in early European trading on Monday. A bullish US Dollar on the back of bets for a less aggressive easing by the Federal Reserve drags
The GBPUSD pair edges higher toward 1.3000 during Asian trading on Wednesday. However, the Pound Sterling faces headwinds due to declining consumer and producer inflation figures, coupled with weak labour market data
By Naeem Aslam European and US stock futures are trading near the flat line as investors are more in profit-take mode after Wednesday’s stellar rally on Wall Street. The focus continues to
With inflation in the UK easing to 1.7% in September, the Bank of England is expected to take a steadier approach to rate cuts, further weakening the pound. For investors in Britain
By Naeem Aslam European and US stock futures are trading lower as traders take breather and the stock market hits a new high this week. Earnings season continues to remain the main
The EURGBP currency pair continues to lose its ground for the third successive day, trading around 0.8350 in the European session on Tuesday. The EURGBP cross remains subdued following the release of
GBPUSD edged up after bottoming out at 1.3010, with a ‘hammer’ pattern signaling potential for further upside. Clearing the October 10 high of 1.3093 and the 50-DMA at 1.3099 would open the
