GBP/USD Forecast: Rebound attempts could remain short-lived amid risk aversion
GBP/USD dropped to its weakest level since mid-June below 1.2530 before closing the day near 1.2550 on Tuesday. The pair stabilized near that level early Wednesday but the risk-averse market atmosphere suggests that a steady recovery could be hard to come by. Read more…
GBP/USD: A breach of 1.2500 looks imminent – UOB
In the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, GBP/USD does not rule out a break below the 1.2500 support in the near term. Read more…
GBP/USD consolidates near multi-month low, holds above mid-1.2500s on subdued USD demand
The GBP/USD pair struggles to capitalize on the overnight modest bounce from the 1.2530-1.2525 region, or its lowest level since June 13 and oscillates in a narrow trading band through the Asian session on Wednesday. Spot prices currently hover around the 1.2570 region, up less than 0.10% for the day, and remain at the mercy of the US Dollar (USD) price dynamics. Read more…
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