Pound Sterling Price News and Forecast: GBP/USD holds above 1.3400 as US PMI strength offsets fiscal worries

GBP/USD holds above 1.3400 as US PMI strength offsets fiscal worries

The British Pound (GBP) is navigating choppy price action against the US Dollar (USD) on Thursday, holding above the 1.3400 psychological mark to trade near 1.3410 during the American session, as traders digest the latest business activity data from both sides of the Atlantic. The pair shows signs of indecision after retreating from a three-year high of 1.3468 reached on Wednesday. Read More...

GBP/USD turns cautious on UK PMI Manufacturing miss, with focus on US data

The British Pound Sterling (GBP) has been gaining steadily against the US Dollar (USD) since January, reflecting diverging economic conditions between the United Kingdom and the United States. Read More...

GBP/USD falls to near 1.3400 following mixed UK PMI data

GBP/USD is depreciating after the mixed S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) data was released on Thursday. The pair has maintained its position near 1.3468, the highest since February 2022, reached on Wednesday, and is trading around 1.3410 during the European hours. Read More...

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