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Pound Sterling Price News and Forecast: GBP/USD trades in a narrow range below 1.2700, US GDP data looms

GBP/USD trades in a narrow range below 1.2700, US GDP data looms

The GBP/USD pair trades in a tight range below the 1.2700 psychological mark during the early Asian session on Wednesday. The US GDP growth number for the fourth quarter will be due later in the day ahead of the Bank of England's (BoE)’s Catherine Mann speech. The major pair currently trades near 1.2685, up 0.03% on the day. Read More...

 

GBP/USD middles just below 1.2700 ceiling, markets await US GDP, PCE inflation

GBP/USD cycled around 1.2680 on Tuesday as markets look for a fresh push from the Federal Reserve (Fed) with investors steadily pushing away from elevated rate cut bets. US Gross Domestic Product (GDP) and Personal Consumption Expenditure Price Index (PCE) inflation numbers are due this week. Read More...

Pound Sterling confines in a tight range as focus shifts to US economic data

The Pound Sterling (GBP) is stuck in a narrow range in Tuesday’s session as investors seek fresh economic triggers that could provide insights into the timing of rate cuts by the Bank of England (BoE).  The GBP/USD pair consolidates as the upside seems restricted as rate cuts by the BoE are inevitable, while more correction in the US Dollar has capped the downside. Read More...
 

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