GBP/USD climbed to a fresh four-week high of 1.2590 on Friday. However, it fell to the 1.2570s region after a weaker-than-expected Canadian jobs report cemented the Fed’s case for skipping the upcoming monetary policy meeting. GBP/USD traded at 1.2576, up 0.14% and closing the week up more than 1%. Read more…
GBP/USD set to fall further UOB Bank economist Lee Sue Ann and market strategist Quek Ser Leang said there will be gains in the short term. Read more…
GBP/USD has resumed its uptrend towards round-figure resistance at 1.2600 after a minor intervention around 1.2560 during the early London session. Sterling’s absolute strength has been established due to the sharp decline in the US Dollar Index (DXY). Read more…
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