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Pound Sterling Price News and Forecast: GBP/USD holds firm around 1.2840 ahead of Fed’s decision

|ByFXStreet Team

GBP/USD Price Analysis: Holds firm around 1.2840 ahead of Fed’s decision

The Pound Sterling registers minuscule gains during the North American session as traders brace for the US Federal Reserve’s decision, which is expected to hold rates unchanged but to prepare the ground to ease policy. The GBP/USD trades at 1.2845, virtually unchanged. Read More...

Pound Sterling declines ahead of Fed, BoE decisions outcome

The Pound Sterling (GBP) weakens in Wednesday’s London session amid caution ahead of the Bank of England’s (BoE) interest rate decision, which will be announced on Thursday. The British currency declines against its major peers, except the Australian Dollar (AUD), as investors see the BoE reducing interest rates in the August meeting for the first time since March 2020. The BoE has been maintaining a restrictive monetary policy stance since December 2021 in an attempt to bring inflation down, which was driven by pandemic-led stimulus. Read More...

GBP/USD Price Analysis: Holds ground near 1.2850; next barrier at the upper boundary

GBP/USD retraces its recent losses, trading around 1.2840 during the Asian hours on Wednesday. The analysis of the daily chart indicates that the pair is positioned in the narrow section of a descending channel, suggesting a consolidation phase or a potential reversal. Read More...
 

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