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GBP/USD gains momentum and climbs above 1.2200

October 16, 2023| Forex Market


The British Pound (GBP) advances versus the US Dollar (USD) during the North American session, registering gains of 0.42%, on a risk-on impulse while expectations of a sightly high UK inflation report underpin the GBP/USD. At the time of writing, the pair exchanges hands at 1.2200 after bouncing from a daily loss of 1.2128. Read More…


The GBP/USD pair catches fresh bids on the first day of a new week and sticks to its intraday gains through the early part of the European session. Spot prices currently trade around the 1.2175-1.2180 region, up 0.30% for the day, and for now, seem to have snapped a two-day losing streak to a one-week low touched on Friday. Read More…


The GBP/USD pair gains traction above the mid-1.2100s during the Asian session on Monday. The softer US Dollar (USD) lends some support to the pair. The risk sentiment dominate the market ahead of the key UK employment data and US Retail Sales on Tuesday. The major pair currently trades around 1.2160, up 0.15% for the day. Read More…


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