Pound Sterling (GBP) advances for three consecutive days against the US Dollar (USD) amid a light economic calendar in the UK. A busy economic week for the United States (US), particularly leaning into jobs data, decreased the Federal Reserve’s odds of hiking rates for the remainder of the year. The GBP/USD is exchanging hands at around 1.2710 above its opening price by 0.58%. Read More…
The Pound Sterling (GBP) extends recovery swiftly as a higher risk appetite among market participants continues to improve the appeal for risk-sensitive assets. The GBP/USD pair remains well-supported as investors hope that the policy divergence between the Federal Reserve (Fed) and the Bank of England (BoE) will vanish this year. More interest rate hikes from the BoE are in the pipeline as the core Consumer Price Index (CPI) data remains sticky near its all-time peak. Read More…
In the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, GBP/USD could face some range bound trade above the 1.2685 level. Read More…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-rides-high-on-us-economic-woes-breaks-above-12700-202308301755