Pound Sterling Price News and Forecast: GBP/USD finds fresh momentum as BoE hawks set stage for US CPI
British Pound finds fresh momentum as BoE hawks set stage for US CPI
The Pound Sterling registers gains against the US Dollar on Tuesday, up 0.28% as investors seem confident that the Bank of England (BoE) will raise rates at its November meeting, while they brace for the release of US inflation figures. The GBP/USD trades at 1.3244. Read More...
British Pound gains as BoE’s Greene favors proactive approach on hot UK inflation
The British Pound (GBP) trades 0.2% higher at around 1.3233 against the US Dollar (USD) during the European trading session on Tuesday. The GBP/USD pair gains as Bank of England (BoE) policymaker has stated that the central bank should adopt a proactive approach to avoid the pass on of impact of energy supply shocks to wages and broader consumer prices. Read More...
GBP/USD Price Forecast: Defends 1.3200 as bears await two-week-old range breakdown
The GBP/USD pair attracts some dip-buyers near the 1.3200 mark during the Asian session on Tuesday, stalling the previous day's rejection slide from the 100-period Simple Moving Average (SMA) on the 4-hour chart. Spot prices, however, remain confined in a familiar range held over the past three weeks or so, warranting some caution before positioning for any meaningful appreciation. Read More...
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