The Pound Sterling (GBP) holds strength in the early New York session on Wednesday as the appeal for risk-perceived assets has improved significantly. The GBP/USD rebounds strongly despite increasing prospects of early rate cuts by the Bank of England (BoeE). After BoE Chief Economist Huw Pill, BoE Deputy Governor Sarah Breeden has also emphasized how long interest rates should remain restricted. Recent commentaries from BoE policymakers show that the central bank could begin reducing interest rates sooner. Read More…
The GBP/USD pair trades on a stronger note amid the US Dollar’s (USD) weakness during the early Asian trading hours on Wednesday. The rebound of the major pair is supported by the softer Greenback and lower US Treasury bond yields. At press time, GBP/USD is trading at 1.2608, adding 0.06% on the day. Read More…
The GBP/USD recovered some ground against the US dollar on Tuesday during the mid-North American session amid a risk-on impulse and falling US Treasury bond yields. Investors seem confident that most global central banks will ease monetary policy, even though Fed Chair Jerome Powell pushed back against easing in March. At the time of writing, the pair exchanges hands at 1.2594. Read More…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-pound-sterling-advances-on-improved-market-sentiment-202402072202