Pound Sterling eyes more gains ahead of key interest rate policy
The Pound Sterling (GBP) recovers as negative market sentiment eases despite the United Kingdom losing resilience in an aggressively restrictive monetary policy environment. Earlier, the GBP/USD pair faced wrath as the UK authority shows concerns about deepening recession fears due to consistent interest rate hikes by the central bank. Read more...
GBP/USD Weekly Forecast: 1.2550 back in sight ahead of BoE, US NFP
The Pound Sterling extended its correction against the United States Dollar (USD), sending GBP/USD back toward the 1.2700 round level before a late rebound on Friday. The additional downside in the pair, however, depends on the Bank of England (BoE) interest-rate decision and the US Nonfarm Payrolls data scheduled for the week ahead. Read more...
GBP/USD Forecast: Pound Sterling likely to decline further as 1.2800 support fails
GBP/USD suffered heavy losses and touched its lowest level in over two weeks below 1.2800 on Friday. The pair needs to rise above that level and start using it as support to discourage sellers.
The broad-based US Dollar strength caused GBP/USD to fall sharply as investors reassessed the Federal Reserve's policy outlook following the robust macroeconomic data releases in the US. Read more...
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EUR/USD trades with mild losses near 1.0400 on Tuesday. The expectation that the US Federal Reserve will deliver fewer rate cuts in 2025 provides some support for the US Dollar. Trading volumes are likely to remain low heading into the Christmas break.
GBP/USD struggles to find direction, holds steady near 1.2550
GBP/USD consolidates in a range at around 1.2550 on Tuesday after closing in negative territory on Monday. The US Dollar preserves its strength and makes it difficult for the pair to gain traction as trading conditions thin out on Christmas Eve.
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