Pound Sterling Price News and Forecast: GBP/USD soars as bulls set their sights at 1.3000

FXStreet Team FXStreet

GBP/USD Price Analysis: Soars as bulls set their sights at 1.3000

The Pound Serling rallied sharply against the US Dollar on Friday, up by more than 0.50% even though US inflation data on the producer front was slightly higher than expected, contrary to consumer prices revealed on Thursday. The GBP/USD trades at 1.2981 after bouncing off daily lows of 1.2901. Read More...

Pound Sterling surges as soft US Inflation boosts Fed rate-cut prospects

The Pound Sterling (GBP) gains to an annual high near 1.2950 against the US Dollar (USD) in Friday’s New York session. The GBP/USD pair strengthens as softer-than-expected United States (US) Consumer Price Index (CPI) data for June has boosted expectations of rate cuts by the Federal Reserve (Fed). Traders bet that the Fed will start reducing interest rates from the September meeting. Read More...

GBP/USD flat lines around 1.2900 mark, below one-year peak touched on Thursday

The GBP/USD pair seesaws between tepid gains/minor losses around the 1.2900 mark during the Asian session on Friday and remains well within the striking distance of a one-year peak touched the previous day. Read More...

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