GBP/USD holds positive ground near 1.2160 amid the USD weakness
The post GBP/USD holds positive ground near 1.2160 amid the USD weakness appeared on BitcoinEthereumNews.com. GBP/USD holds positive ground above 1.2150 amid the softer USD, investors await UK labor data, US Retail Sales The GBP/USD pair gains traction above the mid-1.2100s during the Asian session on Monday. The softer US Dollar (USD) lends some support to the pair. The risk sentiment dominate the market ahead of the key UK employment data and US Retail Sales on Tuesday. The major pair currently trades around 1.2160, up 0.15% for the day. The latest data on Monday showed that the UK’s Rightmove House Price Index rose by 0.5% MoM in October versus 0.4% prior. On an annual basis, the figure dropped by 0.8% from the 0.4% decline in the previous reading. Read more… GBP/USD retraces the recent losses near 1.2150, focus on UK labor data, US Retail Sales GBP/USD retraces the recent losses, trading higher around 1.2150 during the Asian session on Monday. The pair faced challenges possibly due to the shift in discussions about the trajectory of the US Federal Reserve’s (Fed) monetary policy. Investors are expected to focus on the labor data coming from the United Kingdom (UK). Employment Change expects a decline of 195K in August and ILO Unemployment Rate (3M) is expected to remain consistent at 4.3%. Read more… Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-holds-positive-ground-near-12160-amid-the-usd-weakness-202310160528
The post GBP/USD holds positive ground near 1.2160 amid the USD weakness appeared on BitcoinEthereumNews.com.
GBP/USD holds positive ground above 1.2150 amid the softer USD, investors await UK labor data, US Retail Sales The GBP/USD pair gains traction above the mid-1.2100s during the Asian session on Monday. The softer US Dollar (USD) lends some support to the pair. The risk sentiment dominate the market ahead of the key UK employment data and US Retail Sales on Tuesday. The major pair currently trades around 1.2160, up 0.15% for the day. The latest data on Monday showed that the UK’s Rightmove House Price Index rose by 0.5% MoM in October versus 0.4% prior. On an annual basis, the figure dropped by 0.8% from the 0.4% decline in the previous reading. Read more… GBP/USD retraces the recent losses near 1.2150, focus on UK labor data, US Retail Sales GBP/USD retraces the recent losses, trading higher around 1.2150 during the Asian session on Monday. The pair faced challenges possibly due to the shift in discussions about the trajectory of the US Federal Reserve’s (Fed) monetary policy. Investors are expected to focus on the labor data coming from the United Kingdom (UK). Employment Change expects a decline of 195K in August and ILO Unemployment Rate (3M) is expected to remain consistent at 4.3%. Read more… Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-holds-positive-ground-near-12160-amid-the-usd-weakness-202310160528
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