On Thursday, the GBP/USD pair declined towards the 1.2615 level showing slight losses with upbeat US labor market figures benefiting the Greenback with Jobless claims from the week ending on February 3 coming in lower than expected. However, the Bank of England (BoE) holds a somewhat similar stance as the Federal Reserve (Fed) in delaying rate cuts so the losses may be limited. Read More…
The Pound Sterling (GBP) faces sharp selling pressure in Thursday’s early New York session. Investors rush for safe-haven assets as Israel’s Prime Minister Benjamin Netanyahu has rejected the proposal of a ceasefire with Hamas. The Israeli leader said the complete destruction of Hamas is a few months away. Read More…
GBP/USD continues the winning streak for the straight third session, edging higher to near 1.2630 during the Asian session on Thursday. The GBP/USD pair receives upward support as the US Dollar (USD) faces challenges against the Pound Sterling (GBP), which could be attributed to the downbeat US yields amid an improved risk-on sentiment. Read More…
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