Pound Sterling Price News and Forecast: GBP/USD pound sterling could continue to hold above 1.2600
|Pound Sterling drops on firm BoE rate cut projections
The Pound Sterling (GBP) falls to near 1.2600 in Wednesday’s early American session. The broader appeal remains weak as investors expect the Bank of England (BoE) will start reducing interest rates sooner than previously anticipated. To a certain extent, the BoE has turned dovish on the interest rate outlook as the United Kingdom’s inflation is softening. Read more...
GBP/USD Forecast: Pound Sterling could continue to hold above 1.2600
GBP/USD climbed toward 1.2670 on Tuesday but failed to preserve its bullish momentum in the second half of the day. The pair trades below 1.2650 in the European session on Wednesday. Although the technical outlook points to a buildup of bearish momentum, sellers could refrain from committing to an extended slide below 1.2600, unless it's driven by a fundamental development. Read more...
GBP/USD: More range trading in Cable in the short run – Scotiabank
GBP/USD trades flat on the day after failing to hold gains to the upper 1.2600s. Economists at Scotiabank analyze the pair’s outlook.
The GBP/USD pair failed to generate much lift and Cable’s intraday peak around 1.2665/1.2770 on Tuesday morning may have set a short-term ceiling for Cable after Monday’s push higher. Read more...
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