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GBP/USD: Remains defensive near 1.4100 on renewed USD strength ahead of US data

GBP/USD: Remains defensive near 1.4100 on renewed USD strength ahead of US data

GBP/USD sustains earlier losses within the Asian session. Higher US Treasury yields lift the demand for the USD. Initial Jobless claims, Gross Domestic Product (GDP) eyed. The fresh buying opportunities within the US dollar keep GBP/USD on the sting on Thursday.…

Market News
GBP/USD seems to have all the ingredients to extend its gains

GBP/USD seems to have all the ingredients to extend its gains

The triple-top has been breached – finally – and GBP/USD is now trading above the psychological barrier of 1.40 and at the very best February 25, roughly ten weeks ago. There are three main upside drivers for…

Market News
GBP/USD moved into a consolidative phase – UOB

GBP/USD moved into a consolidative phase – UOB

Cable is now poised to navigate within the 1.3800-1.4000 home in subsequent weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday that ‘the swift and sharp drop appears to be running before itself but there’s no sign…