Pound Sterling Price News and Forecast: GBP/USD looks fragile after disappointing UK data

GBPUSD dips back toward the 200 hour MA

The rising 200-hour MA comes in at 1.32573

Pound-to-Euro Rate Ticks Higher as EUR/USD Consolidates Around 1.14

The Pound Euro (GBP/EUR) exchange rate dipped on Wednesday following the publication of both the UK’s and the Eurozone’s latest PMI readings. On Wednesday, the...

Pound Sterling looks fragile after disappointing UK data

GBP/USD stays in negative territory near 1.3300 on Wednesday. The data from the UK showed a contraction in the private sector’s business activity in April. Markets await US PMI data and comments from central bankers. GBP/USD dropped below 1.3250 in the Asian session on Wednesday after posting daily losses on Tuesday. Although the pair staged a rebound afterward, disappointing Purchasing Managers Index (PMI) data from the UK limited the upside. …

Pound Sterling Price News and Forecast: GBP/USD looks fragile after disappointing UK data

GBP/USD dropped below 1.3250 in the Asian session on Wednesday after posting daily losses on Tuesday. Although the pair staged a rebound afterward, disappointing Purchasing Managers Index (PMI) data from the UK limited the upside.