Pound Sterling Price News and Forecast: GBP/USD still scope for a move to 1.2720
|GBP/USD Forecast: Pound Sterling could weaken further amid risk aversion
GBP/USD dropped to its lowest level since July 7 at 1.2740 on Tuesday but managed to stage a rebound in the early Asian session on Wednesday. The pair, however, failed to stabilize above 1.2800 and was last seen trading in a narrow range below that level. Read more...
GBP/USD: Still scope for a move to 1.2720 – UOB
GBP/USD could still slip back towards the 1.2720 region in the near term, according to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group. Read more...
GBP/USD: Gains through 1.29 needed to give Cable a stronger technical lift – Scotiabank
GBP/USD consolidates below 1.28 ahead of Thursday’s BoE decision. Economists at Scotiabank analyze the pair’s outlook.
Markets remain undecided about whether the BoE will deliver a 25 or 50 bps hike but the GBP should continue to find support on dips from positive yield spreads against the USD along the curve for now. Read more...
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