Sterling Holds on to Gains, Investors Mull Rise in Borrowing

Sterling Holds on to Gains, Investors Mull Rise in Borrowing

Pound Strengthens After Testing Key Support Levels, Retail Sales Data in Focus - Action Forex

The British currency continues its recovery following a test of key technical support levels. GBP/USD and GBP/CAD have risen amid moderate US dollar weakness and mixed Canadian macroeconomic data. Investor attention remains focused on upcoming economic indicators, which are due to be released over the next trading sessions. Today, the market is closely watching a batch of data from the US and Canada, including updated statistics on initial joble…

The Pound Strengthens After Testing Key Support Levels, Retail Sales Data in Focus

The British currency continues its recovery following a test of key technical support levels. GBP/USD and GBP/CAD have risen amid moderate US dollar weakness and mixed Canadian macroeconomic data. Investor attention remains focused on upcoming economic indicators, which are due to be released over the next trading sessions. Today, the market is closely watching a batch of data from the US and Canada, including updated statistics on initial joble…

Pound Sterling looks to stretch higher on improving risk mood

GBP/USD trades comfortably above 1.3500 in the European session. The risk-positive market atmosphere could help the pair edge higher. Markets will keep a close eye on fresh developments surrounding the US trade negotiations. GBP/USD stays in a consolidation phase above 1.3500 after posting gains on Monday and Tuesday. The improving risk sentiment and the technical outlook suggests that the pair could stretch higher in the near term. British Pou…

Sterling stronger, supported by global market optimism

The pound was last marginally higher against the dollar at $1.3540, its highest in nearly two weeks, and working its way back towards early July's near four-year top of $1.3787

GBP/USD Price Forecast: Pound Slips as Deficit Fears Wobble Sterling

The Pound US Dollar (GBP/USD) exchange rate initially slipped on Tuesday before bouncing back following the latest UK borrowing figures. At the time of writing,...