The Pound Sterling (GBP) discovers an interim support near 1.2640 despite the United Kingdom Consumer Price Index (CPI) for November has deepened expectations of early rate cuts by the Bank of England (BoE). The GBP/USD pair is expected to remain volatile as the Pound Sterling has lost its competitive advantage of a longer restrictive policy stance after a sharp decline in inflation. Read More…
GBP/USD hovers around 1.2640 during the Asian hours on Thursday, attempting to recover its recent losses registered on Wednesday. The Pound Sterling (GBP) faced a challenge due to downbeat inflation from the United Kingdom (UK). Additionally, the US Dollar (USD) witnessed gains on improved economic data from the United States (US). Read More…
The GBP/USD pair holds below the mid-1.2600s during the early Asian trading hours on Thursday. The downtick of the pair is backed by the weaker-than-expected UK inflation data and a modest recovery of the US Dollar (USD). At press time, the major pair is trading at 1.2638, up 0.08% on the day. Read More…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-pound-sterling-extends-recovery-on-upbeat-market-mood-202312212259