GBP/USD: Bank of England’s expectations to put a floor under cable – CIBC
The GBP/USD pair will trade at 1.39 during the third quarter and also at 1.39 by the first quarter of 2022 according to the forecast of analysts at CIBC. They point out the market will be forced to consider earlier than expected action from the Bank of England, supporting the GBP/USD. Read more...
GBP/USD Forecast: Reopening optimism keeps supporting the pound
The GBP/USD pair swung alongside the market’s mood, ending the day with modest losses at around 1.3880. The pair recovered during US trading hours amid the better performance of Wall Street, although the Pound was also supported by comments from Sajid Javid. The British Health Minister confirmed that the country is on track to beat its vaccination target and that they will move to the next stage of the road map to “normal.” Meanwhile, the UK keeps reporting over 30,000 new coronavirus cases per day. Read more...
GBP/USD Forecast: Football not coming home, restrictions not going so fast, sterling could suffer
Football is not coming home, it is going to Rome – England's dreams of winning the Euro 2020 football tournament have been shattered after an exhausting final in which Italy won. British traders have woken up tired, but forex never sleeps and sterling is on the move – to the downside. Read more...
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