Pound Sterling Price News and Forecast: GBP/USD extends losing streak against US Dollar for fourth trading day

The Pound Sterling (GBP) extends its losing drag against the US Buck (USD) for the fourth procuring and selling day on Friday. The GBP/USD pair trades come its original over six-month low of 1.3116 posted on Thursday. The Cable has been below strain attributable to a strengthening US Buck amid easing Federal Reserve (Fed) dovish speculation for the December coverage assembly and optimism on a commerce deal between the USA (US) and China. Read More…

GBP/USD treads water above 1.3150 as Fed payment cuts climb

GBP/USD inches elevated after three days of losses, procuring and selling round 1.3160 within the route of the Asian hours on Friday. The pair holds ground as the US Buck (USD) struggles amid enhancing Federal Reserve (Fed) payment gash assist bets. In step with the CME FedWatch Instrument, markets are now pricing in 71% probability of a Fed payment gash assist in December, up from 66% the day prior to this. Read More…

GBP/USD tests six months lows as Pound Sterling continues to sink

GBP/USD fell as soon as more on Thursday, grinding down toward the 1.3100 address and tipping into six month lows at 1.3116. The Pound Sterling (GBP) continues to shed further pounds against the US Buck (USD), and is down over 2% against the Buck thru the month of October alone. Read More…