GBP/USD tumbles below 1.3200 as US Dollar recovers

The GBP/USD extended its losses to two straight days and cleared the 1.3200 figure on the downside, as bears woke up after August’s 400-pip rally, crushed their expectations for lower prices. Despite the lack of UK economic data, the docket remains busy across the pond, with goodish data bolstering the Greenback. Therefore, the pair trades at 1.3151, down 0.30%. Read More…

The Pound Sterling (GBP) weakens against the US Dollar (USD) and declines below the key support of 1.3200 in Thursday’s New York session. The GBP/USD pair slumps as the US Dollar (USD) extends its Wednesday’s recovery move on an upbeat second estimate of the United States (US) Q2 Gross Domestic Product (GDP) data. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, rises further to near 101.40. Read More…

GBP/USD is making a headway back toward the 29-month high set on Tuesday at 1.3266. The pair is helped by a renewed selling seen in the US Dollar even as risk-off flows dominate, in the aftermath of the disappointing guidance shared by the American AI titan, Nvidia. Read More…