Pound Sterling Price News and Forecast: GBP/USD extends losses below 1.3100 on BoE’s dovish stance

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GBP/USD Price Forecast: Extends losses below 1.3100 on BoE’s dovish stance

The Pound Sterling extends its losses against the Greenback in early trading during the North American session, down 0.26%. Dovish remarks by the Bank of England (BoE) Governor Andrew Bailey began Sterling’s downfall last week. Therefore, the GBP/USD trades at 1.3076 after hitting a daily high of 1.3134. Read More...

Pound Sterling slides below 1.3100 on Middle East risks, Fed large rate cut bets wane

The Pound Sterling (GBP) weakens and slips below 1.3100 against the US Dollar (USD) in Monday’s North American session. The GBP/USD pair faces a sharp sell-off as the US Dollar holds gains to near an almost seven-week high, driven by robust growth in the United States (US) Nonfarm Payrolls (NFP) for September, released on Friday. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, extends its winning streak for the sixth trading day on Monday to near 102.50. Read More...

GBP/USD drifts higher above 1.3100, potential upside seems limited

The GBP/USD pair posts modest gains to near 1.3130, snapping the three-day losing streak during the early Asian session on Monday. However, the upside of the major pair might be limited amid the reduced bets of the Federal Reserve interest rate cuts after the upbeat US Nonfarm Payrolls (NFP) on Friday. Read More...

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