GBP/USD rallies as Fed independence threats hammer Dollar

Market Remains Cautious: Euro and Pound Hover Near Support Ahead of Key Data Releases

European currencies remain under pressure and are trading close to key support levels amid cautious sentiment and anticipation of a dense slate of macroeconomic releases. After a sharp decline in previous sessions, the euro and the pound attempted a modest corrective rebound, but the recovery proved limited. The market has shifted into range-bound trading, reflecting a balance between short-covering and a reluctance to increase risk ahead of dat…

GBP/USD rallies as Fed independence threats hammer Dollar

The post GBP/USD rallies as Fed independence threats hammer Dollar appeared on BitcoinEthereumNews.com. GBP/USD rallies as Fed independence threats hammer Dollar The British Pound extended its gains on Wednesday as the Greenback is punished by investors due to threats to the Federal Reserve’s independence and a verbal intervention by Japanese officials, boosted the Yen. The GBP/USD trades at 1.3461 up by 0.30%. Read More… Pound Sterling gains ah…

British Pound-to-Euro Forecast: GBP Steady on Iran, Energy Prices

The Pound to Euro exchange rate has struggled to extend gains above 1.1550 as geopolitical tensions and energy price developments dominate market sentiment. With risk appetite...

Pound Sterling Price News and Forecast: GBP/USD edges lower to near 1.3425 early Asian session

The GBP/USD pair trades in negative territory around 1.3425 during the Asian trading hours on Wednesday, pressured by renewed US Dollar (USD) demand. Traders brace for the US Retail Sales and Producer Price Index (PPI) data later on Wednesday.