GBP/USD consolidates as US shutdown optimism and BoE data drive sentiment
GBP/USD consolidates during the North American session, remains steady at around 1.3150 amid growing speculation that the US government shutdown might end soon, a tailwind for the US Dollar, which trimmed some earlier losses. Read More…
Pound Sterling trades cautiously on intensifying BoE dovish speculation
The Pound Sterling (GBP) trades with caution against its major currency peers at the start of the week. The British currency faces slight selling pressure amid growing expectations that the Bank of England (BoE) will cut interest rates at its December policy meeting. Read More…
GBP/USD weakens to near 1.3150 as US Senate reaches deal to extend government funding
The GBP/USD pair loses traction to near 1.3150, snapping the three-day losing streak during the early Asian session on Monday. The US Dollar (USD) strengthens against the Pound Sterling (GBP) amid positive signs that the record-breaking US government shutdown may end. Traders will keep an eye on the speech from the Bank of England (BoE) Clare Lombardelli later on Monday. Read More…