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Pound Sterling Price News and Forecast: GBP/USD plummets as hawkish Powell overshadows Bailey’s remarks
GBP/USD plummets as hawkish Fed Powell overshadows BoE Bailey’s remarks
GBP/USD plunges during the North American session after remarks by the US Federal Reserve (Fed) Chair Jerome Powell overshadowed words from the Bank of England (BoE) Governor Andrew Bailey, with both policymakers suggesting more tightening is needed amidst high inflation pressures. The GBP/USD is trading at 1.2645, down 0.81% or more than 100 pips, at the time of writing. Read More...
Pound Sterling takes bullet ahead of interest rate guidance from Bailey/Powell
The Pound Sterling (GBP) has displayed a vertical fall as investors are worried that the continuation of policy tightening by the Bank of England (BoE) would further dampen the economic outlook of the United Kingdom. The GBP/USD pair is going through a rough phase as more interest rate hikes by the BoE are reasonable considering that UK’s inflation is showing no signs of softening. Read More...
GBP/USD retreats from 1.2760 as UK Gilts flag recession woes, focus on BoE’s Bailey, Fed’s Powell
GBP/USD clings to mild losses around 1.2730 heading into Wednesday’s London open, reversing the previous day’s rebound amid mixed catalysts of late. Read More...
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