Pound Sterling Price News and Forecast: GBP/USD poised to challenge bears’ determination at 1.4000
|BoE Preview: Cautiously hawkish, hints on tightening?
The Bank of England will announce its latest decision on monetary policy on Thursday, June 24. This particular meeting will not include fresh macroeconomic projections, due in August, nor a speech from governor Andrew Bailey. The BOE will likely maintain its policy unchanged, focus on future moves. Chief Economist Andy Haldane will leave the central bank after this meeting. GBP/USD could advance toward the 1.4100 figure on a hawkish BOE. Read more...
GBP/USD Forecast: Poised to challenge bears’ determination at 1.4000
The GBP/USD pair hit 1.4000 ahead of Wall Street’s opening, retreating afterwards to end the day with modest gains around 1.3960. The pair surged amid the prevalent optimism, with high-yielding assets advancing against the greenback. However, the positive mood receded after the release of softer-than-expected US macroeconomic figures. Read more...
GBP/USD bears piling in at critical daily resistance
GBP/USD bears seeking a downside continuation from the 61.8% failure. All eyes are on the Bank of England and the US data.
GBP/USD is trading a touch higher on a day where the pair has traded between a low of 1.3923 and 1.4001 as sterling gained for a third session against the dollar. The focus has been on the US dollar as investors weigh the various Federal Reserve speakers this week that have appeared to be balanced in their rhetoric with regards to the prospects of tapering of asset purchases by the central banks. Read more...
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