Pound Sterling Price News and Forecast: GBP/USD gains ground on soft US jobs data

The Pound Sterling advanced modestly against the US Dollar on Thursday after economic data showed that factory inflation in the United States (US) was a tick higher than foreseen. That and a softer US jobs report weighed on the buck. The GBP/USD trades at 1.3078 after hitting a daily low of 1.3031. Read More…

The Pound Sterling (GBP) holds late Wednesday’s recovery move from the psychological support of 1.3000 to near 1.3050 against the US Dollar (USD) in Thursday’s North American session. The GBP/USD pair edges higher as the US Dollar corrects after the annual United States (US) Producer Price Index (PPI) data for August has come in softer than expected. Read More…

The GBP/USD pair remains under pressure, trading near 1.3045 as the market reacted to the latest US inflation data. Economic activity released during the European session seems to have added pressure on the pound. Read More…