Pound Sterling Price News and Forecast: GBP/USD loses grip on 1.34 as Fed hawks stay in charge

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British Pound loses grip on 1.34 as Fed hawks stay in charge

The Pound Sterling retreats by some 0.17% on Monday as the Greenback trades in the green following last week’s Fed rate hike, which widened the interest rate differential between the US and the UK, while still-high energy prices put pressure on major central banks to raise rates. The GBP/USD trades at 1.3371, after reaching a high of 1.3400. Read More...

British Pound sticks to losses vs firmer USD as Fed-BoE divergence favors bears

The GBP/USD pair struggles to capitalize on Friday's goodish rebound from the 1.1335 area, or its lowest level since July 30, and attracts fresh sellers at the start of a new week. Spot prices stick to modest intraday losses through the early European session and currently trade around the 1.3375 region, down nearly 0.15% for the day, and seem poised to decline further. Read More...

GBP/USD Price Forecast: Declines below 1.3400 as bearish momentum persists below 100-day SMA

The GBP/USD pair loses traction to near 1.3375 during the early European trading hours on Monday. The US Dollar (USD) strengthens against the British Pound (GBP) after the US Federal Reserve (Fed) delivered a hawkish hike last week. Read More...

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