GBP/USD rises to 1.3440 as strong UK data offsets US weakness

GBP/USD Price Forecast: Dollar Pressured as Weak Jobs Data Lifts Sterling

The Pound to US Dollar (GBP/USD) exchange rate traded sideways on Thursday as markets digested the latest US labour market indicators. At the time of writing, GBP/USD was...

Pound Sterling Price News and Forecast: GBP/USD rises to 1.3440 as strong UK data offsets US weakness | The New York Ledger

GBP/USD increases to 1.3440 as strong UK information offsets United States weak point The GBP/USD advances throughout the North American session up by 0.39% following the release of financial information from the United States (United States). Likewise, worries of the UK’s federal government being not able to satisfy its financial requirements relieved on indications that the economy continued to prosper. The set trades at 1.3442 after bouncing…

Sterling Climbs to 1.3440 as UK PMI Strength Meets Weak US Jobs Data

GBP/USD Surges Toward 1.3440 as Sterling Benefits from Strong UK Data and US Weakness UK Macro Support Lifts GBP/USD (GBPUSD=X) From Lows The GBP/USD (GBPUSD=X) pair bounced sharply from 1.3332 to 1.3442 after the UK Services PMI surged to 54.2 in August, its strongest reading since April 2024, beating July’s 51.8 and easing investor concerns over the government’s fiscal stability. Sterling’s rally coincided with a retreat in the US Dollar after…

GBP/USD rises to 1.3440 as strong UK data offsets US weakness

The GBP/USD advances during the North American session up by 0.39% following the release of economic data from the United States (US). Also, fears of the UK’s government being unable to meet its fiscal requirements eased on signs that the economy continued to fare well.