The Relative Strength Index (RSI) indicator on the 4-hour chart stays below 50 and GBP/USD remains within the one-month-old ...

GBP/USD broke above the upper limit of the descending regression channel and cleared the 100-period Simple Moving Average (SMA) on the 4-hour chart. However, the Relative Strength Index (RSI) remains ...

The British pound plunged against the euro and the US dollar as the market placed bets that the Bank of England will embrace a more dovish tone this year. The EUR/GBP exchange rate rose to 0.8350 ...

The GBP/USD price analysis shows some relief for the pound as the dollar collapses on a poor US jobs report. Sterling ...

Sterling fell almost 0.7% to a low of $1.35225, mirroring the 0.9% declines in the Aussie and New Zealand dollars. The euro meanwhile rose 0.2% against the pound to 85.23 pence.

The pound was up 0.3% against the dollar at $1.3452, just above last week's eight-week low of $1.33655.

Foreign exchange markets are positioning for further sterling weakness ahead of the UK budget on Wednesday, with both hedge funds and asset managers continuing to sell the currency, according to ...