Pound Sterling Price News and Forecast: GBP/USD hovers around 1.34 as BoE hike bets outshine Fed doubts
British Pound hovers around 1.34 as BoE hike bets outshine Fed doubts
The Pound Sterling drifts higher against the US Dollar by 0.04% as traders seem confident that the Bank of England (BoE) will raise rates next week, while traders trim hawkish bets on the Fed despite solid US data released on Thursday. The GBP/USD trades near 1.3400. Read More...
British Pound tests six-week highs as traders brace for BoE tightening
The British Pound (GBP) rallies for the third consecutive day against the US Dollar (USD) on Friday, following a soothing UK budget earlier this week, with the focus on a widely expected interet rate hike by the Bank of England next week. The GBP/USD pair is pushing against six-week highs around 1.3420 as of writing, on track to complete a three-week rally. Read More...
GBP/USD Price Forecast: Strengthens above 1.3350, but retains bearish tone below 100-day SMA
The GBP/USD pair trades in positive territory around 1.3380 during the early European trading hours on Friday. The British Pound (GBP) strengthens against the US Dollar (USD), while markets digest the UK Autumn Budget and look ahead to upcoming Bank of England (BoE) decisions. Read More...
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