GBP/USD Price Forecasting: Bullish Outlook remains playing above 1.3250
The GBP/USD pair drops higher around 1.3270, snaping a two-day losing stripes during the first time of European trading on Thursday. Lighting concerns with the potential threats of US President Donald Trump's tariff conducts some of the pressure sellers in the US dollar (USD).
Technically, the constructive perspective of the GBP/USD remains in place because the main pair is properly supported above the key 100-day exponential transfer of average (EMA) to the daily chart. The upward momentum was strengthened by the KaMag -child Index of Strength (RSI), standing above the midline near 63.10, showing the bullish momentum in the near term. Read more …
GBP/USD gets traction above 1.3250 in fresh trade uncertainty
The GBP/USD pair gathers strength near 1.3270, snaping a two-day losing stripes in the early Asian session on Thursday. The US (USD) dollar has weakened the cable due to the uncertainty surrounding Trump's trade policies.
US president Donald Trump said he spoke in 90 countries about tariffs. The US will set tariffs for China over the next two to three weeks, and it depends on China how much the tariffs drop. Read more …
GBP/USD slips under 1.3300 while USD gets Powell Relief and trade optimism
Pound Sterling (GBP) removes against the greenback on Wednesday, but is slightly recovered after diving for a four-day lows of 1.3230. Businessmen seem to be relieved that US president Donald Trump, though angry with the Federal Reserve (FED) chair Powell, is not looking to attack him. At the time of writing, GBP/USD trading is at 1.3289, down 0.28%.
Investors' feelings improved after a North American trading session that ended Tuesday and Trump said he was not looking for a Powell fire. It strengthened the global equality and expelled the US dollar. Read more …
