The British Pound fell to a new weekly low against the Greenback on Wednesday as US Treasury bond yields continued to climb.
GBP/USD tumbles to new three-day low as ‘evening star’ chart pattern emerges. Buyers’ momentum begins to fade as RSI aims toward the 50-midline. If the pair drops below 1.2700, look for further losses; otherwise, bulls can challenge 1.2800. Federal Reserve officials remained cautious and influenced traders' expectations of just 25 basis points of rate cuts seen toward the end of 2024. The GBP/USD trades at 1.2719, down 0.33%.
2777, further gains are seen above 1.2800, like the year-to-date high of 1.2893. GBP/USD Price Action – Daily Chart British Pound PRICE Today The table below shows the percentage change of British Pound against listed major currencies today. British Pound was the strongest against the Australian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.33% 0.33% 0.13% 0.34% 0.40% 0.27% 0.05% EUR -0.33% -0.01% -0.22% 0.00% 0.06% -0.06% -0.28% GBP -0.33% 0.00% -0.22% -0.02% 0.05% -0.05% -0.29% JPY -0.13% 0.
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