Pound Sterling Price News and Forecast:GBP/USD holds near 1.2600 in thin trading ahead of the New Year holiday

FXStreet Team FXStreet

GBP/USD holds gains near 1.2600 due to thin trading ahead of the New Year holiday

The GBP/USD pair extends its gains for the second consecutive day, trading near 1.2580 during the Asian session on Monday. The upward movement can be attributed to the subdued US Dollar (USD) amid lighter-than-usual trading volumes ahead of the New Year holiday. Read More...

GBP/USD gains traction above 1.2550 on thin trading volume

The GBP/USD pair extends the recovery to near 1.2580 during the Asian trading hours on Monday. The Bank of England (BoE) policymakers became more divided about whether rate cuts were needed to tackle a slowing economy. The BoE’s Monetary Policy Committee (MPC) voted 6-3 to keep interest rates on hold, a bigger split than expected. Trading volume is lighter than usual ahead of the New Year holiday. Read More...

Pound Sterling gains as investors ignore mild acceleration in BoE dovish bets

The Pound Sterling (GBP) gains against its major peers on Friday, with investors looking for fresh cues about how the Bank of England (BoE) will follow the interest rate cut path in 2025. The latest BoE policy announcement in mid-December indicated a dovish buildup as the nine Monetary Policy Committee (MPC) voted 6-3 to keep interest rates on hold, a bigger split than the 8-1 economists had predicted. Read More...

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