Pound Sterling Price News and Forecast: GBP/USD retreats from three-week high, holds to gains above 1.3200

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GBP/USD Price Forecast: Retreats from three-week high, holds to gains above 1.3200

The Pound Sterling posted modest gains during the North American session, hitting a three-week high of 1.3254, but failed to gain traction as traders braced for the Federal Reserve’s monetary policy decision. Therefore, GBP/USD traders dragged the exchange rate toward 1.3205, still above its opening price by 0.30%. Read More...

Pound Sterling refreshes three-week high at 1.3250 as UK inflation ticks up

The Pound Sterling (GBP) gains against its major peers in Wednesday’s North American session as the United Kingdom (UK) inflation data for August came in hotter than expected. The Office for National Statistics (ONS) reported that the core Consumer Price Index (CPI) – which excludes volatile items such as food, energy, oil, and tobacco – rose by 3.6%, more than the 3.5% estimated and accelerating from 3.3% in July. Read More...

GBP/USD holds position above 1.3150 ahead of UK CPI, Fed interest rate decision

GBP/USD inches higher to near 1.3160 during the Asian hours on Wednesday. Traders await the release of August Consumer Price Index (CPI) figures from the United Kingdom (UK). Traders will shift their focus on the Federal Reserve (Fed) interest rate decision scheduled later in the North American session. Read More...

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