GBP/USD hits two-week high, looks to build on momentum beyond 1.2500 mark
The GBP/USD pair attracts fresh buying following an intraday dip to the 1.2445 region and build on its steady intraday ascent through the early North American session. The uptick, marking the third successive day of a positive move, pushing spot prices to a two-week high, around the 1.2515-1.2520 region in the last hour – though it lacks bullish conviction. Read more…
GBP/USD gathers strength for a sustainable move above 1.2500
The GBP/USD pair is consolidating near the psychological resistance of 1.2500 in the Asian session. The Cable is gathering strength for a sustained breakout above 1.2500 after a few failed attempts. Rising expectations of more interest rate hikes from the Bank of England (BoE) to arrest double-digit stubborn inflation are fueling fresh blood into the Pound Sterling. Read more…
GBP/USD bulls reaching for a close above 1.2500
GBP/USD is flat in Tokyo following an impressive rally on Thursday in a continuation of the short squeeze. The bulls reached the prior resistance around 1.2500 and sit there currently waiting for a fresh impetus sat not far off a 10-month peak. Read more…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.