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Pound Sterling clings to gains ahead of UK employment, US inflation data

Pound Sterling clings to gains ahead of UK employment, US inflation data

The Pound Sterling holds gains above 1.2500 inspired by strong UK Q1 GDP data. The UK economy expanded by 0.6%, moving out of the recession seen in the second half of 2023. Investors await UK employment and US inflation data for fresh guidance. The Pound Sterling (GBP) exhibits strength above the psychological support of 1.2500...

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Pound Sterling keeps pushing against 1.2430 support weighed by weak UK employment data

Pound Sterling keeps pushing against 1.2430 support weighed by weak UK employment data

The Sterling has resumed its broader bearish trend during Tuesday’s London trading session. The uninspiring UK employment figures have endorsed the theory that the BoE might start cutting rates ahead of schedule, which has punished the GBP. Read More…   The Pound Sterling (GBP) remains on the backfoot in Tuesday’s early New York session. The GBP/USD pair remains...

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GBP/USD Forecast: UK jobs report does little to help Pound Sterling rebound

GBP/USD Forecast: UK jobs report does little to help Pound Sterling rebound

GBP/USD trades below 1.2450 in the European session on Tuesday. ILO Unemployment Rate in the UK rose to 4.2% in the three months to February. The cautious market mood could cap the pair’s recovery attempts. GBP/USD staged a rebound toward 1.2450 after setting a new multi-month low near 1.2400 earlier in the day on Tuesday....