The Pound Sterling (GBP) registers decent gains of 0.13% against the US Dollar (USD) during the North American session after reaching a daily low of 1.2670. Investors bracing for the Bank of England’s (BoE) Governor Andrew Bailey’s speech, along with the release of US inflation data on Thursday, keeps price action within familiar levels. The GBP/USD trades at 1.2724. Read More…
The Pound Sterling (GBP) recovers its early losses despite uncertainty over the Bank of England’s (BoE) restrictive monetary policy stance persists due to deepening risks of a technical recession in the United Kingdom. The GBP/USD pair manages to get a firm-footing ahead of the United States inflation data for December. Read More…
GBP/USD is in focus as it hovers around 1.2710 during the Asian session on Wednesday. After a recent dip that interrupted a four-day winning streak, the Pound Sterling (GBP) found support against the US Dollar (USD). The improved market risk appetite, driven by comments from Federal Reserve (Fed) members speculating about potential rate cuts by the end of 2024, contributed to a weaker US Dollar. However, a sudden shift in sentiment towards risk aversion added pressure, impacting the GBP/USD pair. Read More…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-advances-modestly-post-boes-bailey-speech-202401101959