GBP/USD advances steadily above 1.2800 on BoE’s Pill remarks

GBP/USD Price Analysis: Advances steadily above 1.2800 on BoE’s Pill remarks

The Pound Sterling resumed its uptrend on Wednesday and rallied sharply on Bank of England Chief Economist Huw Pill’s remarks that the Monetary Policy Committee (MPC) should be cautious in seeing a single piece of data as a trigger for policy reassessment. Hence, the GBP/USD trades at 1.2842, posting gains of 0.44%. Read More…

Pound Sterling gains on firm Fed rate cut prospects, US Inflation in focus

The Pound Sterling (GBP) edges higher against the US Dollar (USD) in Wednesday’s American session after a mild correction from almost a four-week high of 1.2850 this week. The broader appeal of the GBP/USD pair remains firm amid strong speculation that the Federal Reserve (Fed) will start reducing interest rates during the September meeting. Read More…

GBP/USD remains below 1.2800 ahead of second testimony by Fed’s Powell

GBP/USD remains tepid for the second consecutive day, trading around 1.2780 during the Asian session on Wednesday. The decline of the GBP/USD pair can be attributed to the strengthening US Dollar (USD), which has gained momentum following Federal Reserve Chairman Jerome Powell’s testimony before the US Congress on Tuesday. Powell acknowledged improving inflation data but reiterated the Fed’s cautious stance. Read More…

 

 

Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-advances-steadily-above-12800-on-boes-pill-remarks-202407101645