The Pound Sterling retraces on Friday after December’s Nonfarm Payrolls report delivered mixed figures, though traders reduced bets for an interest rate cut in January. At the time of writing, the GBP/USD trades at src.34src2 after reaching a high of src.345src. Read More…
Pound Sterling revisits weekly low against US Dollar ahead of US NFP data The Pound Sterling (GBP) trades near its weekly low around src.3420 against the US Dollar (USD) during the European trading session on Friday. The GBP/USD pair is under pressure as the US Dollar rallies further ahead of the United States (US) Nonfarm Payrolls (NFP) data for December, which will be published at src3:30 GMT. Read More…
GBP/USD Price Forecast: Remains below src.3450, nine-day EMA GBP/USD remains subdued for the fourth consecutive day, trading around src.3430 during the Asian hours on Friday. The momentum indicator src4-day Relative Strength Index (RSI) at 5src.9 is neutral, reflecting slower momentum after firm recent readings. An RSI drop back beneath 50 would strengthen the case for a deeper pullback. Read More…
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