Gbp Usd Struggles Near 1 2600 And Retraces To 1 2 The gbp usd remains in a consolidation phase, within the 1.2450 1.2670 area, below the 50 day moving average (dma) at 1.2676, for the eighth consecutive trading day, as risk aversion increased. The gbp usd pair attracts some buyers around 1.2680 during the early european session on monday. the potential support level is located near 1.2600 gold price struggles to gain any.
Gbp Usd Price Analysis Faces A Wall Of Resistance Around 1 2600 And The british pound shifted to the defensive as sentiment shifted sour and weighed by weaker than expected uk pmis, which dragged the major from weekly. Gbp usd struggles near 1.2600 and retraces to 1.2530s, on risk aversion sterling clings to weekly gains of 0.42% amidst political turmoil and brexit jitters. a risk off mood, and high us bond yields, boosted the greenback and weighed on the gbp. Aug 20, 2024 eur usd and gbp usd latest – updated sentiment analysis aug 19, 2024 aud usd ig client sentiment: our data shows traders are now net short aud usd for the first time since jul 16. Gbp ppi input m m. gbp ppi output m m. the gbp usd pair struggles to gain any meaningful traction on wednesday and oscillates in a narrow trading band, around the 1.2700 round figure mark during the asian session. spot prices, meanwhile, hold above a one month low touched last friday as traders keenly await the release of the latest uk.
Comments are closed.