Open Demo Account
Home / Market Update / Forex Market / GBP/USD Rising Above 1.31

GBP/USD Rising Above 1.31

M. Ali 25 August, 2020 9:33 pm Forex Market, Market Update

The British Pound (GBP) rose on Tuesday on the back of the US Dollar (USD) decline, despite a decline in the UK’s retail sales.

The Sterling is up against the USD by 0.47% with the GBP/USD trading at 1.3124.

Retailers in the UK have cut jobs at the highest rate since the global financial crisis of 2009, due to more people moving to online shopping amid the preventive measures against the COVID-19 pandemic.

Support Levels: 1.3027 – 1.2993 – 1.2932

Resistance Levels: 1.3122 – 1.3183 – 1.3217

Tags

Check Also

Gold Pulls Back as Dollar Strengthens Amid Cautious Fed Outlook

Gold retreated on Friday after a strong rally earlier in the week, slipping from recent …

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