Pound Sterling Price News and Forecast: GBP/USD trades flat amid BoE caution, US Dollar recovers modestly

FXStreet Team FXStreet

British Pound trades flat amid BoE caution, US Dollar recovers modestly

The British Pound (GBP) is trading flat against the US Dollar (USD) on Tuesday, edging slightly lower from its intraday high while remaining within Monday’s range. The GBP/USD pair holds steady as the US Dollar eases slightly from a six-week low, with market participants eyeing upcoming US economic data and digesting fresh commentary from Bank of England (BoE) officials following Tuesday’s Monetary Policy Report Hearings. Read More...

GBP/USD draws closer to 1.3500 following BoE Bailey's comments

The Pound is drifting lower on Tuesday, approaching the 1.3500 level. A somewhat brighter market mood, with fears about trade tensions easing, has helped an ailing US Dollar to pare some losses, while Bailey's dovish comments have increased pressure on the Pound. Read More...

GBP/USD trades with negative bias above 1.3500 ahead of BoE Monetary Policy Report Hearings

The GBP/USD pair attracts some sellers during the Asian session on Tuesday and erodes a part of the overnight strong move up to the 1.3560 area, or a multi-day peak. Spot prices drop to the 1.3515 area, or a fresh daily low in the last hour amid a modest US Dollar (USD) uptick, though the fundamental backdrop warrants some caution for bearish traders. Read More...

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