Pound Sterling Price News and Forecast: GBPUSD: Climbs on USD weakness but fails to conquer the 200-DMA

GBP/USD recovers some ground getting ready to finish the week with minimal gains after bouncing off YTD lows at 1.1802, with buyers reclaiming 1.2000 on a mixed US jobs report. At the time of writing, the GBP/USD is trading at 1.2040, above its opening price y 1.01%. Read More…

The GBP/USD pair catches fresh bids during the early North American session and jumps to the 1.2035-1.2040 area, back closer to the weekly top in reaction to the mixed US monthly jobs data. Read More…

The GBP/USD pair builds on this week’s bounce from the 1.1800 mark, or its lowest level since November 2022, and gains some follow-through traction for the third successive day on Friday. The momentum lifts spot prices to a three-day high during the first half of the European session, with bulls now awaiting a sustained strength beyond the 1.2000 psychological mark before placing fresh bets. Read More…