GBP/USD Steadies as US Dollar Weakens

Pound to Dollar Forecast: "Break Above 1.3490" to Conclude Weakness

The Pound to Dollar exchange rate (GBP/USD) again found support close to 1.3400 on Monday and rallied to highs around 1.3480 just after the US open. Markets are...

GBP/USD steadies as US Dollar weakens

The British Pound (GBP) is staging a modest rebound against the US Dollar (USD) on Monday, with GBP/USD trading around the 1.3480 mark during the American trading session.

GBP/USD is consolidated around 1,3400, it remains close to the minimum of two months - World Stock Market

The GBP/USD has difficulty gaining significant traction and remains confined in a range. The expectations that the BOE could cut rates in August weaken to the GBP and limit cash prices. Mixed signals about Fed feat cuts keep the USD’s bulls on the defensive and offer support. The GBP/USD torque begins the new week with a moderate tone and oscillates in a narrow range, just above the round 1,3400 figure during the Asian session. Meanwhile, cash p…