Open Demo Account
Home / Market Update / Forex Market / GBP Maintains Gains amid USD Weakness

GBP Maintains Gains amid USD Weakness

M. Ali 19 August, 2020 12:30 am Forex Market, Market Update

The British Pound (GBP) rose against the U.S. Dollar (USD) on Tuesday, supported by the decline of the latter, amid anticipation for the progress of trade talks between the United Kingdom (UK) and the European Union (EU).

The GBP/USD is trading at 1.3242, up by 1.07% for the day, after rising earlier today to $1.3276, its highest level since the end of 2019.

The Sterling is also up against the Euro by around 0.47%.

Support Levels: 1.3079 – 1.3053 – 1.3031

Resistance Levels: 1.3127 – 1.3149 – 1.3175

Tags

Check Also

PPI Shadowed: GBP/USD Wobbles Amid GDP Shock and Surging US Inflation Fears

The Pound Sterling (GBP) faced renewed pressure against the US Dollar (USD) this week, with …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends