Pound Sterling eyes more gains ahead of key interest rate policy
The Pound Sterling (GBP) recovers as negative market sentiment eases despite the United Kingdom losing resilience in an aggressively restrictive monetary policy environment. Earlier, the GBP/USD pair faced wrath as the UK authority shows concerns about deepening recession fears due to consistent interest rate hikes by the central bank. Read more…
GBP/USD Weekly Forecast: 1.2550 back in sight ahead of BoE, US NFP
The Pound Sterling extended its correction against the United States Dollar (USD), sending GBP/USD back toward the 1.2700 round level before a late rebound on Friday. The additional downside in the pair, however, depends on the Bank of England (BoE) interest-rate decision and the US Nonfarm Payrolls data scheduled for the week ahead. Read more…
GBP/USD Forecast: Pound Sterling likely to decline further as 1.2800 support fails
GBP/USD suffered heavy losses and touched its lowest level in over two weeks below 1.2800 on Friday. The pair needs to rise above that level and start using it as support to discourage sellers.
The broad-based US Dollar strength caused GBP/USD to fall sharply as investors reassessed the Federal Reserve’s policy outlook following the robust macroeconomic data releases in the US. Read more…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-12550-back-in-sight-ahead-of-boe-us-nfp-202307281937