The British Pound (GBP) is recovering some ground against the US Dollar (USD) late in the North American session on Thursday after dipping to a daily
GBP/USD rebounds from 1.2069 to 1.2128, despite downbeat market sentiment and strong Greenback. US GDP growth at 4.9% and soaring durable goods orders fuel speculation of further Fed rate hikes. UK retail sales hit worst October level, reflecting households' struggle with inflation and slow growth. low of 1.2069. GBP/USD buyers stepped in around the latter and lifted the pair to its current exchange rate of 1.2128, registering gains of 0.16%.
On the UK front, the Confederation of British Industry revealed that retail sales reported their worst October for sales, as households struggle amid difficult economic times, with high inflation and economic growth slumping. Sales plunged -36, well below the -16 contraction estimated by analysts GBP/USD Price Analysis: Technical outlook From a technical perspective, volatility in the GBP/USD pairs continues to shrink, as the Average True Range has the pair moving 92 pips.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
British Pound After UK Jobs Data: GBP/USD, GBP/JPY, GBP/AUD Price ActionGBP’s ongoing downward correction looks set to continue amid signs of cooling labor market conditions and price pressures. What is the outlook for GBP/USD, GBP/JPY, and GBP/AUD and the key levels to watch?
Leer más »
This Texas metropolitan area will be larger than New York, L.A. by year 2100, study showsA new study says Metroplex could surpass New York City and Los Angeles as the most populated area in the country with 33.91 million people.
Leer más »
GBP/USD now points to some consolidationGBP/USD could now move into a consolidative phase, likely within the 1.2095-1.2285 range, according to Economist Lee Sue Ann and Markets Strategist Qu
Leer más »
GBP/USD Price Analysis: Stalls its decline, the key upside barrier is seen at 1.2200The GBP/USD pair stalls its decline and holds below the 1.2200 mark during the Asian session on Wednesday. A decline of the US Dollar (USD) and a retr
Leer más »
GBP/USD holds steady above mid-1.2100s, upside potential seems limitedThe GBP/USD pair attracts some dip-buying during the Asian session on Wednesday and for now, seems to have stalled the previous day's retracement slid
Leer más »
Pound Sterling Price News and Forecast: GBP/USD faces downward pressure on weak UK dataGBP/USD Price Analysis: Stalls its decline, the key upside barrier is seen at 1.2200 The GBP/USD pair stalls its decline and holds below the 1.2200 m
Leer más »