Shabana Mahmood
2 STORIESFORECASTS43D
GBP/USD Holds Firm as Sterling Bulls Target 1.3660 Ahead of UK Political TransitionGBP/USD has climbed to 1.3535, its strongest level since May 12, as dollar weakness follows softer US inflation figures. Traders are watching UK political developments, mixed domestic data and upcoming US retail sales for the next directional signal.
FORECASTS45D
GBP/USD Holds Near Multi-Month High as Sterling Rides Dollar WeaknessGBP/USD climbed to 1.3535, its highest level since May 12, as softer US inflation data weighed on the dollar and supported sterling demand. Traders are watching UK political developments, mixed domestic growth figures and upcoming US retail sales and pending home sales data for the next directional cue.