Pound Sterling Price News and Forecast: GBP/USD has gone into a consolidation phase above 1.2200
|GBP/USD regains 1.2300 despite Brexit woes, BOE’s Bailey, focus on UK jobs, US Retail Sales
GBP/USD grinds higher past 1.2300, keeping the two-day recovery moves from the lowest levels since mid-2020, as cable traders await the UK’s jobs report, as well as key Brexit updates, for fresh impulse. That said, the quote stays firmer around 1.2330 by the press time of early Tuesday morning in Asia.
GBP/USD Forecast: Can the pound rebound during BOE policy hearing?
GBP/USD snapped a six-day losing streak on Friday but ended up losing nearly 200 pips on a weekly basis. The pair seems to have gone into a consolidation phase above 1.2200 early Monday as investors get ready for the Bank of England's (BOE) monetary policy hearing.
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