GBP/USD Price Analysis: Bulls commit at a 61.8% ratio ahead of the Fed
Sterling moved out of consolidation in the later part of the New York morning and is finding demand at a daily support area on the charts. However, at 1.1900, the pair is remaining precariously close to recent trend lows ahead of Wednesday's expected Fed 25bp hike. Read More...
Pound Sterling declines as tight monetary policy deepens recession fears
The Pound Sterling (GBP) struggles to extend recovery and drops sharply amid bleak economic prospects propelled by higher inflation and aggressive monetary policy by the Bank of England (BoE). The GBP/USD pair picks demand as the market mood has turned bullish amid hopes that interest rates by global central banks will peak sooner than expected. Read More...
GBP/USD: Further decline is seen below 1.2780 – UOB
Further weakness in GBP/USD emerges on a close below 1.2780, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More...
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