Pound Sterling Price News and Forecast: Pound Sterling struggles to recover
|Pound Sterling struggles to recover despite BoE seems laggard for rate-cut campaign
GBP/USD improves to near 1.2740 on subdued US Dollar, focus on UK housing data
GBP/USD tumbles from 20-week high as markets reverse flows back into the US Dollar, aimed for 1.2700
The GBP/USD rose in early Thursday’s trading window, climbing to a 20-week high before slumping back and seeing a downside extension sparked by an unexpected climb in US Treasury yields during a 7-year T-note auction.
The US Dollar (USD) is now flat on the week against the Pound Sterling (GBP), declining nearly 0.9% from Thursday’s high as the GBP/USD heads back towards the 1.2700 handle. Read More...
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