Pound Sterling Price News Forecast: GBP/USD retreats towards 1.0600, bears eye record low on BOE’s hesitance
|GBP/USD retreats towards 1.0600 as bears again eye record low on BOE’s hesitance
GBP/USD fades bounce off the all-time low marked on Monday, easing to 1.0670 during the early Asian session on Tuesday, as pessimism surrounding the UK remains intact. Also exerting downside pressure on the Cable pair is the hawkish Fedspeak ahead of the week’s key US data. Read more...
GBP at record lows on tax cuts – More UK interest rate rises to come, USD strength continues [Video]
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GBP/USD Forecast: Will bears stay on sidelines amid BoE speculation?
GBP/USD has erased a large portion of its daily losses after having touched a new all-time low of 1.0340 in the early Asian session. The pair was last seen edging higher toward 1.0800 and bears could stay on the sidelines for the now while trying to figure out whether or not the Bank of England (BoE) will take action to stop the British pound's devaluation. Read more...
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