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GBP/USD Forecast: Pound Sterling remains on track to post weekly gains
GBP/USD moves sideways in a tight channel above 1.3250 in the European session on Friday after posting small gains on Thursday. The pair remains on track to end the week in positive territory.
The US Dollar (USD) Index, which tracks the USD’s performance against a basket of six major currencies, closed marginally higher on Thursday, supported by the upbeat weekly Initial Jobless Claims data. The number of first-time applications for unemployment benefits declined to 215,000 from 224,000 in the previous week. Read more…
GBP/USD Forecast: Pound Sterling holds bullish bias ahead of long weekend
After reaching a fresh 2025-high near 1.3300 on Wednesday, GBP/USD lost its bullish momentum and ended the day virtually unchanged. The pair extends its sideways grind at around 1.3250 in the European session on Thursday.
The improving risk sentiment helps GBP/USD hold its ground on Thursday but the modest recovery seen in the US Dollar (USD) limits the pair’s upside. Read more…
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