Pound Sterling Price News and Forecast: GBP/USD breaks 1.3350 as Warsh stays vague, BoE hike bets build

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British Pound breaks 1.3350 as Warsh stays vague, BoE hike bets build

The Pound Sterling (GBP) advances against the US Dollar (USD) on Friday after Federal Reserve (Fed) Chair Kevin Warsh didn’t provide forward guidance on interest rates, while expectations that the Bank of England (BoE) would hike rates in November supported GBP/USD, pushing it above 1.3350 and registering gains of over 0.61%. Read More...

British Pound hits three-week highs near 1.3350 as the US Dollar tumbles

The British Pound (GBP) appreciates against a weak US Dollar (USD) on Friday as risk appetite improves, with global yields pulling back from highs, and investors reprice Federal Reserve’s (Fed) monetary tightening bets. The GBP/USD has rallied more than 1% over the last two days, breaching the top of the last three weeks' range and hitting session highs at 1.3349 so far. Read More...

GBP/USD Price Forecast: Fits fresh monthly high as bulls retain control above 1.3265

The GBP/USD pair attracts some follow-through buyers for the second straight day on Friday, recovering further from the year-to-date low, around the 1.3135 region, touched earlier this week. The momentum lifts spot prices to the 1.3325 area, or a fresh monthly peak during the early European session, and is supported by a combination of factors. Read More...

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