BUSINESS NEWS :
GBP/USD subdued around 1.1840s after printing a YTD low around 1.1800
GBP/USD stays around 1.1840s, following hawkish remarks by the US Federal Reserve (Fed) Chair Jerome Powell. Powell’s two-day testimony before the US Congress will conclude on Wednesday at the US House of Representatives, with market participants expecting him to remain hawkish. Therefore, the GBP/USD is exchanging hands at 1.1843, gaining 0.10%. Read More…
GBP/USD hags near YTD low, remains vulnerable below 200 DMA amid bullish USD
The GBP/USD pair consolidates the previous day’s heavy losses and oscillates in a narrow band, just a few pips above its lowest level since November set earlier this Wednesday. The pair trades around the 1.1825 region during the first half of the European session and remains vulnerable below a technically significant 200-day Simple Moving Average (SMA). Read More…
GBP/USD faces the next support at 1.1750 – UOB
In light of the recent price action, GBP/USD could weaken further and meet the next support around 1.1750 according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More…
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