The Pound Sterling (GBP) prolongs its uptrend to three straight days, as seen by the GBP/USD gaining 0.14%, despite market sentiment shifting sour due to global bond yields edging higher. Expectations that central banks would keep borrowing costs higher for longer are taking their toll on equities. The GBP/USD exchanges hands at 1.2740 after seesawing within a low and high of 1.2702/1.2787. Read More…
The Pound Sterling (GBP) comes out of the woods and refreshes weekly high due to expectations of more interest rate hikes from the Bank of England (BoE). The GBP/USD pair manages to come out of Wednesday’s range ahead of the British Retail Sales data for July. The release of the entire economic indicators will provide lucid guidance to investors about further policy action. Read More…
The GBP/USD pair edges lower during the Asian session on Thursday and extends the overnight pullback from the 1.2765 area, or a multi-day peak. The downtick is exclusively sponsored by the underlying bullish sentiment surrounding the US Dollar (USD), though spot prices manage to hold above the 1.2700 mark in the wake of rising bets for further interest rate hikes by the Bank of England (BoE). Read More…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-extends-gains-above-12700-amid-risk-off-mood-strong-uk-data-202308172127