Pound Sterling Price News and Forecast: GBP/USD steady as Fed cut rates, traders await Powell’s guidance

FXStreet Team FXStreet

GBP/USD steady as Fed cut rates, traders await Powell’s guidance

The GBP/USD barely moved after the Federal Reserve (Fed) cut rates by 25 basis points (bps) to the 4.50%—4.75% range. At the time of writing, the pair is at 1.2963, up 0.64%, as traders brace for Fed Chairman Jerome Powell's press conference. Read More...

Pound Sterling rises after BoE cuts interest rates by 25 bps, Fed policy awaited

The Pound Sterling (GBP) gains against its major peers on Thursday as the Bank of England (BoE) reduces its interest rates by 25 basis points (bps) to 4.75%. Out of the nine-member-led Monetary Policy Committee (MPC), eight members voted for a rate cut, while external policy member Catherine Mann favored keeping interest rates steady. Economists had anticipated that two MPC members would support leaving interest rates at their current levels. Read More...

GBP/USD moves away from multi-month low, retakes 1.2900 ahead of BoE/Fed

The GBP/USD pair attracts some buyers during the Asian session on Thursday and moves away from its lowest level since mid-August, around the 1.2835-1.2830 region touched the previous day. Spot prices now look to build on the momentum beyond the 1.2900 mark as the market attention shifts to key central bank event risks. Read More...

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