-
GBP/USD Slides to 10-Day Low Amidst US Dollar’s Weekend Surge
GBP/USD faced headwinds, plunging close to 1.2800 in early American trading before modestly recovering. The US Dollar’s strength ahead of the weekend weighed heavily on the pair as investors braced themselves for significant macroeconomic events in the coming week. The currency pair extended its losing streak, breaching the 1.2850 support for the first time in ten days. However, GBP/USD found some stability near 1.2870, serving as a pivotal point in the short term. chart The greenback’s rise was fueled by encouraging US labour data, showing a decline of 228,000 in weekly Initial Jobless Claims, marking the ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jul 21, 2023 3:06pm Jul 21, 2023 3:06pm
- Cdfx
- | Commercial Member | Joined Apr 2018 | 125 Comments
- Comment #2
- Quote
- Jul 21, 2023 3:16pm Jul 21, 2023 3:16pm
- OnlineAddict
- Joined May 2014 | Status: From1toMillion | 3129 Comments
Everyone can see the chart, but only a few can actually read it.