Pound Sterling Price News and Forecast: GBP/USD extends gains as traders eye Fed-BoE decisions
GBP/USD Price Analysis: Pound extends gains as traders eye Fed-BoE decisions
The GBP/USD pair is trading near the 1.3350 price region on Tuesday, striking a bullish tone as investors continue to move away from the US Dollar (USD) ahead of the Federal Reserve (Fed) monetary policy decision on Wednesday. Read More...
Pound Sterling underperforms against its peers as Fed-BoE policy takes centre stage
The Pound Sterling (GBP) trades lower against its major currency peers, except the New Zealand Dollar (NZD), is down 0.27% to near 1.3280 against the US Dollar during the European trading session on Tuesday. The British currency faces selling pressure amid uncertainty surrounding the Bank of England’s monetary policy announcement on Thursday. Read More...
GBP/USD Price Forecast: Tests 1.3300 support as bearish bias prevails
GBP/USD inches lower after registering nearly 0.75 gains in the previous session, trading around 1.3310 during the Asian hours on Tuesday. The short-term bias stays mildly bearish as spot holds below the declining nine-day Exponential Moving Average (EMA) and now trades under the flatter 50-day EMA, signalling fading upside momentum. The recent sequence of lower closes from the 1.36 area and failure to reclaim the short-term average confirms that rallies remain vulnerable to renewed downside interest. Read More...
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