GBP/USD seems vulnerable below 1.3000, its lowest level since August 20 – FXStreet
GBP/USD consolidated a modest decline spurred by the UK CPI on Wednesday, hitting its lowest level in more than two months. Bets that the BoE will cut interest rates in November are weighing on the pound and major currencies as the dollar strengthens. Expectations that the Fed's aggressive easing policy will be eased favor USD […]
GBP/USD hangs near multi-week low, below 1.3100 as traders await FOMC minutes – FXStreet
GBP/USD on Wednesday is attracting new sellers and is under pressure due to various factors. Sterling continues to be weighed down by dovish comments from Bank of England Governor Bailey last week. The reduction in bets on a big Fed rate cut is supporting the dollar and contributing to its decline. The GBP/USD pair is […]
GBP/USD remains below 1.3300 as risk aversion grows due to rising geopolitical tensions – FXStreet
GBP/USD is facing difficulties due to rising risk aversion sentiment as the Middle East conflict intensifies. Iran fired more than 200 ballistic missiles at Israel and warned that any counterattack would lead to “massive destruction.” Bank of England Governor Green suggested further interest rate cuts were likely as prices were “moving in the right direction”. […]
GBP/USD retreats from its highest level since March 2022, slips below 1.3400 mark – FXStreet
GBP/USD has attracted some sellers on Friday, weighed down by the USD's modest strength. Betting that the Fed will make another big rate cut in November will limit any gains. The central bank's relatively hawkish expectations should help limit losses for the currency pair. The GBP/USD pair fell during Asian trading on Friday, moving away […]
GBP/USD breaches fresh 31-month high as Pound rally continues – FXStreet
GBP/USD once again pushed to multi-year highs on Thursday. Broad market greenback weakness further boosted cable. Despite the lack of UK statistics, the pound's rise continues unabated. On Thursday, GBP/USD cut another multi-year high, hitting a 31-month high of 1.3434 as cable was pushed to an all-time high by broad market greenback selling. Better-than-expected U.S. […]
GBP/USD sheds 1.34 amid Greenback rebound – FXStreet
GBP/USD turned bearish, dropping below 1.34 on Wednesday. The market has scaled back its recent bullish tilt towards the pound. The US dollar recovered as investors considered the current state of the US economy. GBP/USD traded unusually close on Wednesday, dropping sharply below 1.3400 as the broader market retreated from risk appetite. The British pound […]
GBP/USD weakens below 1.3350, UK/US PMI data in focus – FXStreet
In the Asian session on Monday, GBP/USD was trading weakly around the 1.3310 level. If expectations grow that the Fed will cut interest rates further later this year, the value of the U.S. dollar could fall. Attention will be on provisional UK/US PMI data for September on Monday. The GBP/USD pair fell to 1.3310, halting […]
GBP/USD: Sterling Rises to 2.5-Year High of $1.3330 on Bank of England Rate Decision – TradingView
Key Points: The pound rose to its highest level in two and a half years. The dollar loses control over foreign exchange trading. The Bank of England kept interest rates unchanged. Illustration: TradingView The British currency surged against the US dollar after the Bank of England decided to keep interest rates on hold, a sharp […]
GBP/USD holds steady as BoE rate call looms ahead – FXStreet
GBP/USD hits highest 30-month price following Fed rate cut. The BoE's interest rate forecasts are due to be released on Thursday but no changes are expected. UK retail sales are due to close the week on Friday. GBP/USD rose to a 30-month high on Wednesday, approaching 1.3300, after the US Federal Reserve cut interest rates […]
GBP/USD rallies on Fed rate cut bets – FXStreet
GBP/USD re-surfaced above 1.3200 on Wednesday amid risk-on sentiment. The Fed's interest rate outlook is nailed on the ceiling as the market expects a 50bps cut. UK CPI inflation and the Bank of England's interest rate outlook will also be on the agenda this week. GBP/USD broke into higher territory on a quiet Monday, with […]