Pound Sterling Price News and Forecast: GBP/USD recovery at the mercy of BoE rate hike bets
|GBP/USD Weekly Forecast: Pound recovery at the mercy of BoE rate hike bets
The GBP/USD pair started the week under bearish pressure after failing to reclaim 1.3500 in the previous week. With the greenback continuing to gather strength against its major rivals on the back of rising US Treasury bond yields, the pair extended its slide below 1.3300 and touched its lowest level since December 2020. Ahead of the weekend, the intense flight to safety triggered a sharp drop in yields and allowed GBP/USD to erase a small portion of its weekly losses. Read more...
GBP/USD Forecast: Decreasing BoE rate hike bets limit pound's upside
After dipping below 1.3300 earlier in the day, GBP/USD has managed to gain traction in the early European session and started to push higher toward mid-1.3300s on heavy selling pressure surrounding the dollar. However, the British pound could have a difficult time preserving its strength with investors reassessing the impact of the new coronavirus variant on the Bank of England's (BoE) policy outlook. Read more...
Breaking: GBP/USD refreshes yearly low around 1.3300 on coronavirus, Brexit woes
GBP/USD extends the five-day downtrend towards refreshing 2021 low near 1.3300 heading into Friday’s London open. The cable’s latest weakness could be linked to the broad market fears over the coronavirus variant and the Brexit woes. However, bears seem to wait for the outcome of European Commission's Brexit point person Maroš Šefčovič’s UK visit on Friday, not to forget the UK Health Security Agency (UKHSA) technical briefing to discuss the variant covid variant. Read more...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.