Pound Sterling Price News and Forecast: GBP/USD hovers above 1.2150 major level

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Pound Sterling Price News and Forecast: GBP/USD hovers above 1.2150 major level
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GBP/USD lost its traction and erased its daily gains after rising toward 1.2200 in the early European morning. In the absence of high-impact macroecon

GBP/USD Forecast: Pound Sterling stays on the back foot as key resistance holds omic data releases, the cautious market mood is likely to weigh on the pair. The table below shows the percentage change of Pound Sterling against listed major currencies today. Pound Sterling was the weakest against the Euro.Investors continue to stay away from risk-sensitive assets as geopolitical tensions remain high, with Israel preparing for a ground assault. Read more... GBP/USD hovers above 1.

Pound Sterling consolidates ahead of UK labor market data The Pound Sterling struggles to find a direction as investors await for UK Employment data, which will be published on Tuesday. The GBP/USD pair outlook remains vulnerable as economists expect employment levels to decrease again in the three months to August, in a sign that firms are cutting back on their workforces due to a dismal demand outlook.

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