GBP/USD lost more than 100 pips on Thursday and continued to stretch lower early Friday, touching its weakest level since early June below 1.2600. The
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pound Sterling Price News and Forecast: GBP/USD – Slumps as weak UK PMI data warnGBP/USD turned south and dropped to a new weekly low below 1.2700 after spending the Asian session in a tight channel at around 1.2750. Unless the pai
Read more »
Pound Sterling Price News and Forecast: GBP/USD drifts lower for the fourth straight dayThe GBP/USD pair prolongs its rejection slide from the 1.2800 mark touched earlier this week and remains under some selling pressure for the fourth su
Read more »
Pound Sterling Price News and Forecast: GBP plunges as vulnerable PMI deepens recession risksAfter falling toward 1.2600 on Wednesday, GBP/USD made a sharp U-turn and closed the day virtually unchanged above 1.2700. The pair, however, came und
Read more »
GBP/USD Price Analysis: Multiple hurdles, US data prod Cable buyers above 1.2700GBP/USD stays defensive around 1.2715-20 during the early hours of Thursday’s Asian session, fading the previous day’s rebound from the lowest level i
Read more »
US Dollar Toppish Ahead of Powell; EUR/USD, AUD/USD, GBP/USD Price SetupsThere are growing signs that USD could be in the process of making an interim top. To be fair, this wouldn’t necessarily imply that the uptrend is over. What’s next for EUR/USD, GBP/USD, and AUD/USD?
Read more »
GBP/USD Price Analysis: Cable bears flirt with 1.2600, focus on Fed, BoE talksGBP/USD seesaws around the lowest level in two months, after falling the most since late July to refresh the multi-day bottom, as markets await the to
Read more »