Pound Sterling slips through 1.35 as the Labour crisis tops a UK GDP beat

Pound Sterling slips through 1.35 as the Labour crisis tops a UK GDP beat

GBP/USD fell 0.9% on Thursday, breaking below 1.3500 in a sharp staircase decline from session highs to a low close to 1.3395. The move extended a multi-week downtrend from the early-March peak, with bearish momentum building through the European afternoon. The daily candle closed near session lows. The Pound Sterling came under heavy pressure on […]

Gold slides as strong USD, US-China summit dent haven demand

Gold slides as strong USD, US-China summit dent haven demand

Gold (XAU/USD) retreats by some 0.25% during the North American session on Thursday as tensions in the Middle East remain high, while the US-China summit is underway, with President Donald Trump meeting Chinese President Xi Jinping. At the time of writing, the XAU/USD pair trades at $4,678. XAU/USD falls as resilient US data boosts Dollar […]