GBP/USD tumbles below 1.2400, extends its losses

The British Pound (GBP) retreats during the North American session as the Greenback post solid gains after United States (US) President Donald Trump said he would impose tariffs on base metals. The GBP/USD pair trades at 1.2385. down 0.16%. Read More…

Pound Sterling trades with caution against USD on renewed global trade war fears

The Pound Sterling (GBP) trades cautiously to near 1.2400 against the US Dollar (USD) in Monday’s North American session. The GBP/USD pair is trades with caution as the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades higher on cautious market sentiment. Read More…

GBP/USD Price Forecast: Hovers around 1.2400; seems vulnerable while below 50-day SMA

The GBP/USD pair rebounds a few pips from the Asian session low and currently trades around the 1.2400 round-figure mark, nearly unchanged for the day. The upside, however, remains capped in the wake of a modest US Dollar (USD) strength, which, in turn, warrants some caution for bullish traders. Read More…