Sat, May 27, 2023

GBPUSD Rate Dips as the USD Steadies | Wibest

Wibest – GBPUSD: British pound sterling coins over US dollar bills.

The GBPUSD exchange rate falls as the greenback and its indices steady in today’s trading. The GBP is also receiving support from the easing worries of no-deal Brexit. However, the GBP’s strength is not enough to stand against the greenback in sessions.

The GBPUSD trading pair went down by 0.36% or 0.0044 points in sessions. The pair currently trades for $1.2456, edging lower from its last close of $1.2500.

The GBPUSD pair is seen hitting ranges between $1.2426 and $1.2506 this Monday’s sessions. The pound sterling to US dollar exchange rate currently has an asking price of $1.2453 to $1.2458 in sessions.

Meanwhile, the US dollar index is inching its way in Monday’s trading sessions, as it goes up by 0.07% or 0.07 points. And the US dollar index futures for Dec 19 is also seen moving up by 0.07% or 0.068 points in sessions.

But despite the lackluster performance of the GBPUSD exchange rate in today’s trading, the British pound contract is seen making an impressive rebound. The GBP futures for December 19 rose by 0.10% or 0.0013 points in Monday’s forex sessions.

How’s the USD’s Run?

Wibest – GBPUSD: A stack of hundred-dollar bills.

The greenback received mixed results in today’s sessions against other major currencies. Aside from the loss of the GBPUSD trading pair, the USD also had the upper hand against the EUR.

The greenback won against the single currency as the EURUSD exchange pair is seen down by 0.36% or 0.0040 points in sessions. The pair now trades around $1.1033 and has reached ranges from $1.1028 to $1.1087 in Monday’s trading.

But despite those gains, the greenback fell hard against the CAD and JPY in today’s trading.

The USDCAD is inching down 0.24% or 0.0032 points in today’s trading. The pair currently exchanges at CA$1.3251 compared to its previous close of CA$1.3283 in sessions.

And lastly, the USDJPY trading pair declined 0.19% or 0.20% points. The pair is seen extending its loss from ¥107.50 to ¥107.93 in Monday’s sessions.



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