ForexNewsPlus Updates

GBP/USD Rebounds as Dollar Rally Loses Momentum

GBP/USD opened the week recovering part of Friday’s slide and stalled below the mid-1.3500s, having closed Friday at 1.35307 after a 0.43% decline. The pair briefly climbed above 1.3550 during the European session before retreating, and it sits at one-week lows following another failure at resistance near 1.3650. UK markets are closed for the Summer … Read more

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GBP/USD Stays Below 1.3550 as USD Gains

GBP/USD remains constrained beneath 1.3550, hovering just above two-week lows on Monday. Recent hostilities in Iran are impacting risk appetite and bolstering the demand for the safe-haven US Dollar. Fed’s Warsh increased expectations for an imminent rate hike following his remarks at Jackson Hole on Friday. The British Pound edges up on Monday but remains … Read more

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