Pound Sterling has sensed light profit booking after printing a fresh annual high at 1.3140. The GBP/USD pair will likely resume its north-side rally amid an absence of evidence that the United Kingdom’s inflation will cool down. To return inflation to 2%, the Bank of England (BoE) has already raised interest rates to 5% and further policy-tightening is in the pipeline. Read More…
Considering the ongoing price action, Markets Strategist at UOB Group Quek Ser Leang assesses the outlook for GBP/USD. Read More…
Further gains are likely in GBP/USD while above the 1.3000 level, suggest Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Read More…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-pound-sterling-remains-choppy-202307141736