Pound Sterling Price News and Forecast: GBP/USD faces barricades as odds of a less-hawkish BOE policy advance
|BOE Rate Decision Preview: Bailey to follow Powell’s footsteps with a dovish hike
GBP/USD is holding at a critical juncture heading into the Bank of England’s (BOE) ‘Super Thursday’ announcements. The central bank is widely expected to hike the key rate by 50 bps to 1.75% at 11:00 GMT while Governor Andrew Bailey’s press conference will follow at 11:30 GMT. Read more...
GBP/USD Forecast: 1.2200 may prove to be a tough resistance to crack
GBP/USD has been fluctuating in a tight channel below 1.2200 since the beginning of the day on Wednesday. Investors could refrain from betting on renewed pound strength while waiting for the Bank of England (BOE) to announce its policy decisions on Thursday. Read more...
GBP/USD faces barricades around 1.2150 as odds of a less-hawkish BOE policy advance
GBP/USD is struggling to surpass the immediate hurdle of 1.2150 after a pullback move. An expectation of a 50 bps rate hike by the BOE is not sufficient to offset the soaring inflation rate. The upbeat US ISM Services PMI data has improved the risk appetite of investors. Read more...
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