GBP/USD Price Forecast: Dips under 1.2700 despite hot UK inflation
The Pound Sterling lost some ground against the US Dollar on Wednesday even though UK inflation data for November was higher than in the previous month. This and expansionary fiscal policy might prevent the Bank of England from cutting rates, although the economy has shown some signs of weakness. The GBP/USD trades at 1.2695, failing to clear the 1.2700 mark decisively. Read More...
Pound Sterling consolidates ahead of Fed-BoE policy announcement
The Pound Sterling (GBP) remains broadly sideways against the US Dollar (USD) around 1.2700 in Wednesday’s North American session. The US Dollar consolidates ahead of the Federal Reserve’s (Fed) monetary policy announcement at 19:00 GMT. According to the CME FedWatch tool, traders have priced in a 25-bps interest-rate reduction, which would be the third consecutive interest rate cut. Read More...
GBP/USD consolidates around 1.2700 mark ahead of UK CPI, FOMC decision
The GBP/USD pair struggles to capitalize on a two-day-old recovery move from the vicinity of the 1.2600 mark, or a three-week low touched on Monday and oscillates in a narrow band during the Asian session. Spot prices currently trade around the 1.2700 round figure, nearly unchanged for the day as traders keenly await the outcome of the highly-anticipated FOMC policy meeting before placing fresh directional bets. Read More...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
Fed trims the benchmark rate by 25 bps, US Dollar jumps – LIVE
The Federal Reserve (Fed) delivered as expected and cut the policy rate by 25 bps after the last meeting of 2024. Market players scrutinize the Summary of Economic Projections and gear up for Chairman Jerome Powell's press conference.
EUR/USD extends slide towards 1.0400 as Fed foresees two cuts in 2025
EUR/USD accelerated its slump after the Federal Reserve trimmed interest rates as expected but also released a dot-plot showing lesser interest rate cuts in 2025. The "hawkish cut" boosts demand for the US Dollar.
Gold down to $2,620 after Fed's decision
Gold fell towards $2,620 and trades nearby as the Federal Reserve's hawkish cut sent investors into safety. Demand for the US Dollar outpaces that of the bright metal as US, officials foresee fewer interest rate cuts in 2025.
GBP/USD trims intraday gains and falls below 1.2650
GBP/USD trimmed early gains and fell to fresh intraday lows in the 1.2630 price zone following the United States Federal Reserve's announcement. Financial markets rushed to buy the US Dollar ahead of the Bank of England monetary policy decision on Thursday.
Sticky UK services inflation to come lower in 2025
Services inflation is stuck at 5% and will stay around there for the next few months. But further progress, helped by more benign annual rises in index-linked prices in April, should see ‘core services’ inflation fall materially in the spring.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.