Pound Sterling Price News and Forecast: GBP/USD rallies and hovers near 1.3400 amid US Dollar weakness

FXStreet Team FXStreet

GBP/USD rallies and hovers near 1.3400 amid US Dollar weakness

The Pound Sterling begins the week positively set to end April strong, is up 0.65% as the Greenback continues to weaken and risk appetite improves. At the time of writing, the GBP/USD trades near 1.3400 after bouncing off daily lows of 1.3279.Read More...

Pound Sterling starts the week on a strong note

The Pound Sterling (GBP) outperforms its peers at the start of the week despite firm expectations that the Bank of England (BoE) will cut interest rates by 25 basis points (bps) to 4.25% in the policy meeting on May 8. BoE dovish bets have escalated amid fears that the new tariff policy by the US will weaken economic growth in the United Kingdom (UK), and as inflation pressures seem to be subsiding. Read More...

GBP/USD Price Forecast: Finds support near 1.3300 after breaking below ascending channel

The GBP/USD pair steadies around 1.3320 during Asian trading hours on Monday, after posting losses in the previous session. Technical analysis on the daily chart suggests a weakening bullish trend, as the pair breaks below its ascending channel pattern. Read More...

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