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GBP/USD plummets to session lows, around 1.3100 mark amid notable USD demand. EUR/USD extends slide to weekly lows near 1.1750, about to end the 8-week streak. The greenback is the top performer on Friday. The DXY is up 0.50%, trading above 93.50, the highest intraday level since Monday.

GBP/USD now seen between 1.3000 and 1.3230 – UOB.EUR/USD goes for a  small break above 1.20 for the rest of the year but they think  consolidation around 1.20 is the most likely outcome.  The dollar edged  higher in early European trade Thursday, helped by the Federal Reserve  offering few clues that it intends to take a more dovish approach to  help the U.S. economic recovery in the near future.

UK CPI rose 1.0% YoY in July as compared to +0.6% expected. Meanwhile,  the core inflation gauge (excluding volatile food and energy items) also  surpassed expectations and came in at +1.8% YoY during the reported  month, up from the 1.4% increase in June. GBP/USD could now advance to  1.3340 in the near-term – UOB. EUR/USD faced rejection above 1.1950  during Tuesday's Asian trading hours, as the dollar sell-off suddenly  stalled despite the risk-on rally in the Asian stocks. The dollar  struggled to recoup heavy overnight losses on Wednesday after it slipped  to 27-month low the previous session as uncertainties about an economic  recovery and the U.S. fiscal stimulus package weighed. The AUD/USD pair  inched down 0.05% to 0.7237 while the NZD/USD pair inched up 0.08% to  0.6604. The USD/CNY pair inched up 0.01% to 6.9219, with U.S.-China  tensions continuing to escalate.

GBP/USD seesaws in a choppy range between 1.3120 and 1.3137, currently  around 1.3128. EUR/USD faces further upside if close above the 1.1915  level. The U.S. Dollar Index that tracks the greenback against a basket  of other currencies was down 0.22% to 92.642.

GBP/USD has been retreating amid diverging disease curves across the  Atlantic, yet other factors such as rising US yields and worries about  Britain's furlough scheme were also in play. Cable is seen navigating  within the 1.2950-1.3160 range for the time being. EUR/USD rally looks  overdone as per technical indicators, however, a notable pullback could  still remain elusive, as a fiscal impasse in Washington is likely to  keep the dollar bulls at bay. The pair is trading at 1.1860 at press  time, representing a 0.17% gain on the day. The weekly chart relative  strength index is hovering above 70, indicating overbought conditions  for the first time in over 2.5 years. The dollar was down on Monday  morning, but capped its losses after a meeting between U.S. and Chinese  officials, originally scheduled for Saturday, was delayed. The U.S.  Dollar Index was down 0.07% to 93.023.

GBP popped to a high of 1.3125 before dropping back down. Momentum  indicators are turning ‘neutral’ and for today, GBP is likely to  consolidate, expected to be between 1.3010 and 1.3110. EUR/USD nears  1.18 support despite bulls control. Dollar Index was down 0.1% at  93.235, set to continue a seven-week losing streak. USD/JPY was down  0.1% at 106.84

GBP/USD snaps two-day losing streak, capped around 1.3075 off-late.  GBP/USD faces strong resistance at 1.3115. Germany’s new cases continue  to rise by over 1000. Germany’s Health Minister Jens Spahn: we are  worried about the rise in the coronavirus cases but are confident about  the health system. EUR/USD is off the highs but trades well bid above  1.1800 amid a broadly weaker US dollar and negative Treasury  yields.Dollar Index was down 0.3% at 93.157. USD/JPY was down 0.2% at  106.72.

GBP/USD off lows, still on the defensive below mid-1.3000s post-UK macro  data. EUR/USD is holding the lower ground near 1.1715, down 0.18% on a  daily basis. The U.S. Dollar Index gained 0.13% to 93.765 and the  USD/JPY pair was up 0.14% to 106.62.

GBP/USD struggles for direction near 1.3070 post-UK data. EUR/USD: Wind  blows strongly in favour of the dollar and moderately against the euro.  The US dollar has been declining steadily, with the dollar index (DXY)  falling by 9% since the year’s high in March.

GBP/USD picks up the bids near 1.3070, up 0.16% on a day, while heading  into the London open on Monday. The Cable registered the biggest losses  since June 24 on Friday.  EUR/USD is trading around 1.1765, after  Friday's 0.78% decline, the biggest single-day drop in over four months.  Monday's 4-hour chart is painting a mixed picture with critical support  looming at 1.17. It’s shaping up to be another rough day for Turkish  markets. The lira, which sank to a record low last week as the central  bank abandoned some of the policies that had underpinned it for much of  this year, extended its declines Monday. The dollar edged higher in  early European trade Monday, following Friday’s better-than-expected  employment report. However, gains are likely to be short-lived as doubts  remain about the U.S. economic recovery.