Pound Sterling Price News and Forecast: GBP climbs back above mid-1.2600s
|Pound Sterling gains as traders bet slower BoE monetary easing cycle
The Pound Sterling (GBP) gains against its peers as investors expect the Bank of England (BoE) to follow a moderate policy-easing cycle this year. Upbeat United Kingdom (UK) Retail Sales, hotter-than-expected Consumer Price Index (CPI) data for January, and strong wage growth momentum in three months ending December have forced traders to pare BoE dovish bets. Read more...
GBP/USD climbs back above mid-1.2600s, closer to over two-month peak touched on Friday
The GBP/USD pair kicks off the new week on a positive note and climbs above mid-1.2600s during the Asian session, closer to over a two-month top touched on Friday. Spot prices now look to build on the momentum beyond the 100-day Simple Moving Average (SMA) amid a weaker sentiment surrounding the US Dollar (USD). Read more...
GBP/USD: Likely to trade in a range between 1.2625 and 1.2680 – UOB Group
Pound Sterling (GBP) is likely to trade in a range between 1.2625 and 1.2680. In the longer run, boost in momentum indicates further GBP strength to 1.2730, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Read more...
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