GBP/USD Price Forecast: Consolidates near weekly highs on Thanksgiving
The GBP/USD consolidates at around weekly highs, posting modest losses of 0.05% at around 1.2670 due to thin liquidity conditions as US markets remain closed for Thanksgiving. Read More…
Pound Sterling falls against USD with thin trading volume on Thanksgiving Day
The Pound Sterling (GBP) dropsto near 1.2660 against the US Dollar (USD) in Thursday’s North American session after failing to visit the round-level resistance of 1.2700 the prior day. The GBP/USD pair is expected to trade sideways amid thin trading volume as United States (US) markets are closed on Thursday and will open for a short duration on Friday on account of Thanksgiving Day. Read More…
GBP/USD edges lower to near 1.2650 as latest US inflation report keeps Fed on alert
GBP/USD holds losses as the US Dollar (USD) advances as the latest US inflation report indicated solid growth in consumer spending for October, but it also highlighted a stagnation in progress toward lowering inflation, keeping the Fed on alert. The GBP/USD pair edges lower to near 1.2660 during the Asian trading hours on Thursday. US markets may witness thin trading activity due to the Thanksgiving holiday on Thursday, to be followed by shortened trading hours on Friday. Read More…