Pound Sterling Price News and Forecast: GBP gains as several BoE members warn of upside inflation risks

British Pound gains as several BoE members warn of upside inflation risks

The British Pound (GBP) trades higher against its major currency peers, except the Japanese Yen (JPY) on Monday. In the European trade, the British currency is up 0.13% to near 1.3256 against the US Dollar (USD).

The Pound Sterling gains as a slew of Bank of England (BoE) members have stressed on higher inflationry pressures, keeping the possibility of ineterst rate hikes alre. Read more...

GBP/USD forecast: The Pound is holding up better than it should

The dollar has had its way with almost everything this month, but the pound is putting up more of a fight than most. This GBP/USD forecast is about why, and whether it lasts.

Thursday's plan was to sell only if the pound broke the bottom of its range, with 1.3140 as the target and no trade if the range held. Price dipped to 1.3205 but never followed through. It stalled well short of 1.3140 and has been pinned in a tight range since. Under the plan's own rule, that was a no-trade week. The bias was right, but the move wasn't big enough to trade. Read more...

GBP/USD Price Forecast: Holds ground near 1.3200, near-term bias remains bearish

The British Pound (GBP) is up 0.15% at around 1.3245 against the US Dollar (USD) in the early European session on Monday. The GBP/USD pair gains as the British currency outperforms its peers despite market experts questioning hawkish Bank of England (BoE) repricing.

Strategists at Brown Brothers Harriman (BBH) highlight a growing disconnect between market pricing and their own expectations for the BoE policy path. They note that “the swaps curve continues to imply about 100bps of BoE rate hikes in the next twelve months to 4.75%,” but argue that “the BoE may not need to tighten as much as markets expect,” adding rates are already in the 2%-4% neutral range. Read more...