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GBP/USD chalks in another down week despite late Sterling uptick
GBP/USD floundered on Friday, climbing a scant 0.13% on the day as the Pound Sterling gets weighed down by broad-market expectations of a rate cut from the Bank of England (BoE) next week.
GBP/USD Price Analysis: Stays subdued at around 1.2850
The Pound Sterling clings to minuscule gains on Friday after the latest inflation report in the United States (US) reinforced investors' bets that the US Federal Reserve could begin slashing rates at the September monetary policy meeting.
GBP/USD: Bulls strife to test the 1.2925 resistance - Scotibank
The Pound Sterling (GBP) has nudged a little higher in quiet Asian and European trade after closing on the lows yesterday, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBP: EUR/GBP rally can accelerate next week - ING
BoE will judge the stickiness in services inflation as down primarily to one-off factors and may look at more 'core' measures that instead point to a less worrying picture.
GBP/USD: To trade with a downward bias towards 1.2780 - UOB Group
Increase in momentum suggests further Pound Sterling (GBP) weakness; the major support at 1.2780 is unlikely to come into view for now, UOB Group FX analysts Quek Ser Leang and Peter Chia note.
Pound Sterling declines against US Dollar ahead of US core PCE inflation
The Pound Sterling (GBP) posts a fresh two-week low at 1.2845 against the US Dollar (USD) in Friday's London session.
GBP/USD rebounds above 1.2850 ahead of US PCE data
The GBP/USD pair gains traction near 1.2860 amid the weaker Greenback, snapping the three-day losing streak during the Asian trading hours on Friday.
GBP/USD falls further as BoE looms ahead
GBP/USD floundered on Thursday, chalking in a third straight trading day in the red and declining below 1.2860 as market expectations of a Bank of England (BoE) rate cut next week weigh down the Pound Sterling.
GBP/USD Price Analysis: Drops below 1.2900 amid strong US data
The Pound Sterling dropped below 1.2900 for the third consecutive day, edged lower 0.17%, and traded at 1.2881 after hitting a daily high of 1.2913.
GBP/USD: Trades lower towards 1.2850 - UOB Group
GBP is likely to consolidate between 1.2850 and 1.3020 for the time being, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.
Pound Sterling declines ahead of US Q2 flash GDP
The Pound Sterling (GBP) weakens to 1.2880 against the US Dollar (USD) in Thursday's London session.
GBP/USD Price Analysis: Moves below 1.2900 toward the lower edge of ascending channel
GBP/USD continues to lose ground for the third successive session, trading around 1.2890 during the Asian hours on Thursday.
GBP/USD weakens below 1.2900, US GDP data looms
The GBP/USD pair edges lower to 1.2895 during the Asian trading hours on Thursday.
GBP/USD Price Analysis: Stuck in range, clings to 1.2900
The Pound Sterling clings to minimal gains, though it remains stuck within the 1.2880-1.2940 range against the Greenback, unable to crack immediate resistance to push the GBP/USD pair toward the 1.3000 mark.
GBP/USD: Gains above 1.2940 to lead GBP towards 1.30 - Scotiabank
The Pound Sterling (GBP) is attracting some clear support after easing briefly under 1.29 earlier.
GBP/USD: Trades towards 1.2850 - UOB Group
There has been a slight increase in momentum; the Pound Sterling (GBP) is expected to drift lower, but any decline is unlikely to reach 1.2850, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann.
UK Preliminary Services PMI improves to 52.4 in July vs. 52.5 expected
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers' Index (PMI) improved from 50.9 in June to 51.8 in July.
Pound Sterling exhibits weak performance ahead of preliminary S&P Global PMIs
The Pound Sterling (GBP) weakens against its major peers, except Asia-Pacific currencies, in Wednesday's London session.
GBP/USD Price Analysis: Drops to two-week low, bears await break below 38.2% Fibo. level
The GBP/USD pair drifts lower for the second successive day - also marking the fourth day of a negative move in the previous five - and drops to a nearly two-week low during the Asian session on Wednesday.
GBP/USD eases back as markets gear up for data-laden midweek
GBP/USD eased lower on Tuesday to decline one-fifth of one percent as traders buckle up for a hectic midweek market session after a quiet start to the trading week.
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