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Pound Sterling Price News and Forecast: GBP flattens against US Dollar
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FXStreet Forex & Commodities News
Pound Sterling flattens against US Dollar on absence of US key economic data releasesThe Pound Sterling (GBP) trades in a tight range around 1.3440 against the US Dollar (USD) during the European trading session on Friday.
The GBP/USD pair consolidates as the US Dollar (USD) trades sideways, with investors struggling to find fresh cues regarding the economic outlook in the wake of partial government closure.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, wobbles around 97.90 at the time of writing.
Read more...GBP/USD Forecast: Pound Sterling bulls hesitate ahead of US PMI dataAfter losing about 0.3% and snapping a four-day winning streak on Thursday, GBP/USD holds steady at around 1.3450 in the European session on Friday.
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