Pound Sterling Price News and Forecast: GBP/USD falls as solid US jobless claims data cools July Fed cut hopes
|GBP/USD falls as solid US jobless claims data cools July Fed cut hopes
The Pound Sterling (GBP) trades with losses of 0.27% on Thursday after a jobs report in the United States (US) revealed that the labor market is solid, reducing the chance of a rate cut by the Federal Reserve (Fed) at the July meeting. At the time of writing, GBP/USD is trading at 1.3550, having reached a high of 1.3619. Read More...
Pound Sterling faces pressure as BoE warns of multiple economic risks
The Pound Sterling (GBP) ticks down against its major peers on Thursday. The British currency drops as the Bank of England (BoE) warns of multiple risks to the United Kingdom (UK) economy in its mid-year Financial Policy Committee (FPC) report on Wednesday. Read More...
GBP/USD gathers strength above 1.3600 on softer US Dollar
The GBP/USD pair gains ground around 1.3605 during the Asian trading hours on Thursday. The Greenback softens against the Pound Sterling amid the prospects for more interest rate cuts by the Federal Reserve (Fed) this year. Traders await the US weekly Initial Jobless Claims data later on Thursday. Also, the Federal Reserve (Fed) officials are scheduled to speak, including Alberto Musalem, Christopher Waller and Mary Daly. Read More...
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