GBP/USD faces challenges as the US Dollar appreciates
The post GBP/USD faces challenges as the US Dollar appreciates appeared on BitcoinEthereumNews.com. GBP/USD depreciates to near 1.2950 due to market caution ahead of US presidential election GBP/USD extends its losses for the second successive day, trading around 1.2950 during the Asian session on Thursday. This downside of the pair could be linked to the solid US Dollar (USD) as a market caution persists amid uncertainty surrounding the upcoming US presidential election. Read more… GBP/USD weakens below 1.3000 as traders brace for US PCE data The GBP/USD pair extends the decline to around 1.2955 during the early Asian session on Thursday. The Pound Sterling (GBP) edges lower after the UK budget announcement. The attention will shift to the US Personal Consumption Expenditures (PCE) – Price Index data later on Thursday. Read more… Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-faces-challenges-as-the-us-dollar-appreciates-202410310548
The post GBP/USD faces challenges as the US Dollar appreciates appeared on BitcoinEthereumNews.com.
GBP/USD depreciates to near 1.2950 due to market caution ahead of US presidential election GBP/USD extends its losses for the second successive day, trading around 1.2950 during the Asian session on Thursday. This downside of the pair could be linked to the solid US Dollar (USD) as a market caution persists amid uncertainty surrounding the upcoming US presidential election. Read more… GBP/USD weakens below 1.3000 as traders brace for US PCE data The GBP/USD pair extends the decline to around 1.2955 during the early Asian session on Thursday. The Pound Sterling (GBP) edges lower after the UK budget announcement. The attention will shift to the US Personal Consumption Expenditures (PCE) – Price Index data later on Thursday. Read more… Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-faces-challenges-as-the-us-dollar-appreciates-202410310548
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