Pound Sterling rebounds while US Dollar comes under pressure ahead of FOMC minutes
The Pound Sterling (GBP) eyes recovery in Wednesday’s early New York session ahead of the Federal Open Market Committee (FOMC) minutes. The GBP/USD pair rebounds, even though Bank of England (BoE) policymaker Swati Dhingra warns about the downside risks of restrictive interest rates to the United Kingdom’s living standard. When asked about the inflation outlook, Dhingra said the headline inflation appears bumpy but moves downward.
On Tuesday, BoE Governor Andrew Bailey and other policymakers were slightly dovish while speaking before UK lawmakers at the UK Parliamentary Treasury Select Committee. Read more…
GBP/USD: Gains through 1.2675/1.2685 should be positive – Scotiabank
GBP/USD nudges lower. Economists at Scotiabank analyze the pair’s outlook. Read more…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-remains-comfortable-above-12600-202402212233