British Pound holds weekly gains as Fed hike doubts deepen
The British Pound steadied against the US Dollar on Friday, but it is poised to end the week with gains of over 1% as investors turn skeptical that the Federal Reserve will raise interest rates at the September meeting. The GBP/USD consolidates at around 1.3350, unchanged. Read More…
British Pound holds firm near 1.3380 amid broad-based US Dollar weakness
The British Pound (GBP) appreciates against the US Dollar (USD) on Friday, on track for a 1.3% appreciation this week, its strongest weekly performance in three months. The GBP/USD pair is trading at 1.3370 with downside attempts limited, as the US Nonfarm payrolls disappointment has undermined speculative demand for the US Dollar. Read More…
British Pound strengthens to near 1.3350 as cooling US labor market weighs US Dollar
The GBP/USD pair trades with mild gains near 1.3350 during the early Asian trading hours on Friday. The US Dollar (USD) edges lower against the British Pound (GBP) on a weaker-than-expected US Nonfarm Payrolls (NFP) report. The US markets will be closed on Friday in observance of Independence Day. Read More…
