British Pound slips on solid US jobless claims as Fed hawks lift USD
The Pound Sterling (GBP) registers back-to-back bearish days on Thursday, down about 0.05% against the US Dollar (USD) after economic data showed the labor market remains solid, while investors eye Federal Reserve (Fed) speakers at the Jackson Hole Symposium. At the time of writing, the GBP/USD pair trades at 1.3588 after reaching a daily high near 1.3600. Read More…
British Pound drops to weekly lows below 1.3600 as US Dollar gathers momentum
The British Pound (GBP) extends losses for the second consecutive day on Thursday, as the US Dollar (USD) strengthens after the hot US inflation report released on Wednesday. The GBP/USD pair is trading at one-week lows at 1.3675 heading into the US session, opening more than 0.5% below Wednesday’s highs, in the mid-1.3600s. Read More…
British Pound extends losses as US Dollar holds ground on Fed rate hike bets
GBP/USD remains subdued for the second successive day, trading around 1.3590 during the European hours on Thursday. The pair depreciates as the US Dollar (USD) remains stronger following the robust economic data released on Wednesday. Read More…
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