Pound Sterling Price News and Forecast: GBP/USD hits 15-month peak amid UK jobs surge, USD weakness
|GBP/USD hits 15-month peak amid UK jobs surge, USD weakness
Pound Sterling finds upside restricted as hawkish BoE bets threaten economic outlook
The Pound Sterling (GBP) has sensed selling pressure after a north-side vertical move above the round-level resistance of 1.2900 as labor cost data has turned out more resilient than expected. The GBP/USD pair has picked immense strength as chances of a bulky interest rate hike from the Bank of England (BoE) have escalated, knowing the fact, that higher disposable income available to households will result in higher purchasing power, and eventually the overall demand will elevate further. Read More...
GBP/USD could break above 1.2900 – UOB
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