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Key Highlights GBP/USD started a decent increase and climbed above 1.2600. A key bullish trend line is forming with support at 1.2580 on the 4-hour chart. Gold prices cleared the $2,375 resistance to move into a positive zone. USD/JPY dipped again and traded below the 155.00 level. EUR/USD Technical Analysis The British Pound started a […]

The post GBP/USD Kickstarts Fresh Surge Amid Sharp Decline In Dollar Value appeared first on Action Forex.

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06/06/2024

GBP/USD Shows Signs of Strength, 1.3000 Next?

Key Highlights GBP/USD gained pace for a move above the 1.2800 resistance. A major bullish trend line is forming with support at 1.2750 on the 4-hour chart. Gold prices are gaining pace above the $2,350 resistance zone. EUR/USD is aiming for a move toward the 1.0950 level. GBP/USD Technical Analysis The British Pound remained in […]
11/06/2024

Macron Calling for French Snap Election Shakes Markets

In focus today In the US, NFIB’s small business optimism index is due for release for May. General sentiment has remained weak over the past few months, and also firms’ price plans took a turn lower in the April survey. In the UK, focus turns to the release of the official UK labour market report. […]
18/01/2024

British Pound Gains Ground as UK Inflation Rises

UK inflation rises unexpectedly GBP/USD climbs higher The British pound has edged higher after UK inflation rose unexpectedly in December. In the European session, GBP/USD is trading at 1.2694, up 0.47%. UK inflation rises to 3.9% UK inflation has a tendency to surprise the markets and that happened again on Wednesday as December CPI ticked […]