GBP/USD Defensive Below 1.2750 Amid Stronger USD
GBP/USD Defensive Below 1.2750 Amid Stronger USD During the early Asian trading hours on Monday, the GBP/USD pair recovered some of its lost ground, hovering around 1.2725. However, the upside for GBP/USD might be limited due to lower expectations of US Federal Reserve (Fed) rate cuts this year, following stronger-than-expected US Nonfarm Payrolls (NFP) data. […]
Pound Sterling Dips Amid Uncertainty Before US Core PCE Data
Pound Sterling Dips Amid Uncertainty Before US Core PCE Data The Pound Sterling (GBP) is facing downward pressure in Friday’s early London trading session, as its recovery from a four-day low near 1.2680 seems to have lost momentum. The GBP/USD pair is trading with caution due to the looming release of the United States core […]
GBP/USD Nears 1.2700 on 2024 Fed Rate Cut Hopes
GBP/USD Nears 1.2700 on 2024 Fed Rate Cut Hopes The GBP/USD pair extended its gains for the second consecutive session, trading around 1.2710 during Asian hours on Monday. This upward movement was largely supported by a weaker US Dollar (USD). April data indicated that US consumer inflation had slowed to 0.3%, which has raised expectations […]
GBP/USD Stays Above 1.2500 Ahead of Tuesday’s UK Labor Data
GBP/USD Stays Above 1.2500 Ahead of Tuesday’s UK Labor Data During Monday’s Asian trading session, the GBP/USD pair saw an uptick, reaching close to 1.2520, influenced by a surge in risk appetite. This rise was supported by unexpectedly strong UK Gross Domestic Product (GDP) data released on Friday, indicating that the UK economy grew by […]
Top Currency Pairs to Trade for Beginners
Starting out in the Forex market can seem daunting, but choosing the right currency pairs can make it much simpler. For beginners, some pairs are more suitable because they are traded more often and are generally more stable. At Xtreme Markets, we always advise our clients to begin with the most accessible pairs. Here are […]
Pound Sterling Weakens Amid Rising Expectations of June BoE Rate Cut
Pound Sterling Weakens Amid Rising Expectations of June BoE Rate Cut The Pound Sterling (GBP) displayed marginal declines but remained largely steady, hovering above the 1.2600 mark during Monday’s European trading session. The GBP/USD pair exhibited limited movement as market participants brace for the upcoming United States Consumer Price Index (CPI) data for March, set […]
GBP/USD Remains Below 1.2700 Before Fed Chair Powell’s Testimony
GBP/USD Remains Below 1.2700 Before Fed Chair Powell’s Testimony In the early Asian trading session on Wednesday, the GBP/USD currency pair was observed holding below the significant 1.2700 mark, indicating a slight downtick influenced by a resurgence in the US Dollar (USD). This currency movement sets the stage for a day filled with key economic […]
GBP/USD Modestly Recovers Near 1.2630, Limited Upside Potential
GBP/USD Modestly Recovers Near 1.2630, Limited Upside Potential During the Asian trading session on Friday, the GBP/USD currency pair witnessed a revival of buying interest, breaking a two-day losing streak that had led it to a one-week low in the region of 1.2615-1.2610 just a day earlier. The pair’s spot prices are currently hovering around […]
GBP/USD Remains Steady Above 1.2600, Focus Shifts to FOMC Minutes
GBP/USD Remains Steady Above 1.2600, Focus Shifts to FOMC Minutes During the early hours of Wednesday’s Asian trading session, the GBP/USD pair saw a modest rise, climbing above the 1.2600 mark. This upward movement is largely attributed to positive remarks from Andrew Bailey, the Governor of the Bank of England (BoE), which provided a boost […]
Pound Drops Amid Cautious Market Sentiment, Awaiting BoE Bailey’s Speech
Pound Drops Amid Cautious Market Sentiment, Awaiting BoE Bailey’s Speech The Pound Sterling (GBP) is currently experiencing a significant downturn as it grapples with the ongoing uncertainty surrounding the Bank of England’s (BoE) monetary policy approach. This uncertainty is primarily rooted in the increasing risks of the United Kingdom entering a technical recession, a scenario […]
GBP/USD Dips to Around 1.2710 Following Recent Rises Amid Better Risk Sentiment
GBP/USD Dips to Around 1.2710 Following Recent Rises Amid Better Risk Sentiment The British pound (GBP) retreated slightly to 1.2710 against the US dollar (USD) after recent gains bolstered by an improved risk appetite, halting its winning streak from Wednesday. This shift comes amidst mixed economic signals from the United States, affecting the USD’s performance […]
GBP/USD Ascends Towards 1.2700 Prior to US Nonfarm Payrolls Announcement
GBP/USD Ascends Towards 1.2700 Prior to US Nonfarm Payrolls Announcement The GBP/USD exchange rate has been on an upward trajectory, reaching heights around 1.2690, as market activities ramp up during the Friday Asian trading session. This marks the third consecutive day of gains for the Pound, which has benefited from a streak of favorable economic […]
GBP/USD Remains Over 1.2800 as USD Weakens, Eyes on US Jobless Claims
GBP/USD Remains Over 1.2800 as USD Weakens, Eyes on US Jobless Claims The British Pound (GBP) maintains its strength against the US Dollar (USD), persistently trading above the pivotal 1.2800 level amidst a period of USD softening, with market participants keenly awaiting the release of US jobless claims data for further direction. During the Asian […]
GBP/USD sees buying interest above mid-1.2500s before UK job, US inflation data
GBP/USD sees buying interest above mid-1.2500s before UK job, US inflation data The GBP/USD currency pair, representing the exchange rate between the British Pound and the US Dollar, is showing signs of recovery in the early Asian trading session on Tuesday. This resurgence comes as the pair trades around 1.2565, marking a modest gain of […]
GBP/USD Trading Below 1.2700, Focus on US Services PMI
GBP/USD Trading Below 1.2700, Focus on US Services PMI The British Pound (GBP) trades cautiously below the key level of 1.2700 against the US Dollar (USD), with its current position hovering around 1.2680, reflecting a slight decline of 0.23% within the Asian trading session on Monday. Despite its dip, the GBP/USD pair shows resilience, bolstered […]
GBP/USD Rises to 1.2650 Amid Hawkish BoE and Weaker US Dollar
GBP/USD Rises to 1.2650 Amid Hawkish BoE and Weaker US Dollar As the Forex market opened in Asia on Friday, the British Pound (GBP) reclaimed its poise against the US Dollar (USD), with the GBP/USD exchange rate ascending to the 1.2650 mark. This resurgence is largely attributed to a combination of the Bank of England’s […]
GBP/USD Stabilizes Above 1.2400 Amid Mixed Market Signals
GBP/USD Stabilizes Above 1.2400 Amid Mixed Market Signals The GBP/USD currency pair exhibits a steady stance above the 1.2400 level, navigating through a complex landscape of market signals and economic indicators. This stability comes after the pair recoiled from a near two-month high around the 1.2500 mark, following a setback from the 100-day Simple Moving […]
GBP/USD Holds Steady Above 1.2200 Amid Geopolitical Tensions
GBP/USD Holds Steady Above 1.2200 Amid Geopolitical Tensions The GBP/USD currency pair has been exhibiting some resilience in the face of geopolitical tensions and economic uncertainty. After opening with a modest bearish gap below 1.2200 levels at the start of a new week, the pair managed to recover, moving closer to a one-week high touched […]