GBP/USD firm as Fed easing bets outweigh soft US PMI signals
The Pound Sterling turns positive in the day as traders increase their bets that the Federal Reserve could cut rates at the December meeting. The GBP/USD trades at 1.3082 up 0.08%. Read More…
Pound Sterling slumps after poor UK Retail Sales, flash PMI data
The Pound Sterling (GBP) falls sharply against its major currency peers on Friday, following the release of poor United Kingdom (UK) Retail Sales data for October, and preliminary S&P Global Purchasing Managers’ Index (PMI) data for November. Read More…
GBP/USD Price Forecast: Holds gains near 1.3100, but bearish momentum persists below 100-day EMA
The GBP/USD pair strengthens to around 1.3090 during the early European session on Friday. Nonetheless, the potential upside for the major pair might be limited amid growing expectations of the Bank of England (BoE) rate cut at its next monetary policy meeting in December. Traders brace for the UK Retail Sales data later on Friday, along with the flash UK S&P Global PMI Purchasing Managers Index (PMI). Read More…
