GBP/USD Price Forecast: Retreats below 1.2750 amid strong US Dollar

The Pound Sterling tumbled after failing to clear the 1.2800 figure for the third consecutive day, trading at 1.2720, down over 0.17% daily. Cable erased its earlier minuscule gains amid a session characterized by US Dollar strength, with the US Dollar Index (DXY) up over 0.19%, at 106.36. Read More…

Pound Sterling trades sideways against US Dollar with US inflation in focus

The Pound Sterling (GBP) consolidates in a tight range near 1.2750 against the US Dollar (USD) in Tuesday’s North American session. The GBP/USD pair trades sideways as investors focus on the United States (US) Consumer Price Index (CPI) data for November, which will be published on Wednesday. Read More…

GBP/USD maintains position around 1.2750 amid market caution as key economic figures loom

GBP/USD remains stable for the second consecutive day, trading around 1.2750 during the Asian session on Tuesday. The risk-sensitive pair could face challenges as the US Dollar (USD) continues to gain ground due to market caution ahead of the US Consumer Price Index (CPI) data scheduled to be released on Wednesday. Read More…