The GBP/USD kicked off Wednesday trading near 1.2290, sagging into the day’s low of 1.2268 before an early US session rally into 1.2337, but market flows into the US Dollar (USD) sent the pair back into the midrange near where the trading day kicked off, testing the 1.2300 handle. Read More…
The Pound Sterling (GBP) continues its rally into a sixth day on Wednesday as investors shift their focus to United Kingdom factory data for August, which will be published on Thursday. The GBP/USD pair capitalizes on hawkish guidance from Bank of England (BoE) policymaker Katherine Mann and upbeat market sentiment. The Pound Sterling has performed better against the US Dollar as market participants are not expecting a further widening of the policy divergence between the BoE and the Federal Reserve (Fed). Read More…
The GBP/USD pair gains some positive traction for the sixth successive day on Wednesday and climbs to a near three-week high during the Asian session. Spot prices currently trade just below the 1.2300 round-figure mark and remain well supported by the prevalent selling bias surrounding the US Dollar (USD). Read More…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-mostly-flat-for-wednesday-202310111854