GBP/USD stabilizes ahead of key central bank decisions, UK’s inflation in focus
The Pound Sterling losses steam and treads water against the US Dollar as traders prepare for the announcement of major central banks’ monetary policy decisions. The Bank of England and the US Federal Reserve are expected to hold rates unchanged, though a ‘hawkish tilt’ of the Fed might weigh on Sterling; the GBP/USD trades at 1.2727, barely down 0.04%. Read More…
Pound Sterling trades sideways above 1.2700 ahead of eventful week
The Pound Sterling (GBP) struggles for a decisive move in Monday’s late London session. Investors stay on the sidelines ahead of the interest rate decisions by the Federal Reserve (Fed) and the Bank of England (BoE), which will be announced on Wednesday and Thursday, respectively. Read More…
GBP/USD consolidates around 1.2730 as markets adopt caution ahead of Fed decision
GBP/USD appears to reverse its decline initiated on Thursday, hovering around 1.2730 during the Asian session on Monday. However, the pair faced setbacks amidst market caution preceding the US Federal Reserve’s interest rate decision on Wednesday. Read More…
Source: https://www.fxstreet.com/news/pound-sterling-stabilizes-ahead-of-key-central-bank-decisions-202403181710