jumps past 1.3640 as US Dollar hits 10-week low ahead of Fed

The Pound Sterling (GBP) advances over 0.30% as the Greenback drops to a ten-week low, according to the US Dollar Index (DXY). The two-day meeting by the Federal Open Market Committee (FOMC) begins on Tuesday, at which the Fed is expected to reduce interest rates. GBP/USD trades at 1.3646, up from 1.3592 daily low. Read More…

Pound Sterling gains on steady UK employment data

The Pound Sterling (GBP) attracts bids against its major peers on Tuesday, reaching its highest level in more than two months against the US Dollar, after the release of the United Kingdom (UK) labor market data for the three months ending July. The Office for National Statistics (ONS) reported that the Unemployment Rate remained steady at a four-year high of 4.7%, as economists had expected. Read More…

GBP/USD tests fresh multi-week highs ahead of Fed & BoE double-header

GBP/USD caught another tentative bullish leg higher on Monday, testing above 1.3600 for the first time since July. The US Dollar (USD) backslid across the board to start the fresh trading week, with investors gearing up for a critical interest rate call from the Federal Reserve (Fed). Read More…