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GBPUSD - GBP/USD: Any decline is part of a lower 1.2570/12640 range – UOB Group

28-02-2025 02:07

Rapid drop in Pound Sterling (GBP) could extend vs US Dollar (USD); oversold conditions suggest any decline is part of a lower 1.2570/12640 range. In the longer run, two-week GBP strength has ended; ...

GBP/USD Forecast: Pound Sterling could struggle to gather bullish momentum

GBP/USD closed below the 100-day Simple Moving Average (SMA), currently located at 1.2640, on Thursday and the Relative Strength Index (RSI) indicator on the 4-hour chart declined below 50, ...

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The Pound trended mostly flat against the US Dollar on Thursday following the publication of several US data releases.

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