The Pound Sterling (GBP) is stuck in a tight range in Monday’s European session as investors need more insights on the Bank of England’s (BoE) interest rates for fresh action. The GBP/USD struggles for direction as uncertainty over the timing of rate cuts by the BoE and the Federal Reserve (Fed) continues to persist. Read More…
GBP/USD breaks its four-day winning streak and trades slightly lower around 1.2660 during the Asian session on Monday. The US Dollar (USD) maintains its strength on hawkish comments from Federal Reserve’s (Fed) officials, which in turn, undermines the GBP/USD pair. Additionally, the lower February consumer confidence data from the United Kingdom (UK) might have put downward pressure on the Pound Sterling (GBP). Read More…
The Pound Sterling (GBP) jumps higher in Friday’s early American session as the United Kingdom’s economic outlook strengthens. The GBP/USD pair advances toward Thursday’s high as market sentiment improves. Read More…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-pound-sterling-edges-higher-on-improved-market-sentiment-202402262123