Pound Sterling Price News and Forecast: GBP/USD trims losses against US Dollar after NFP-driven volatility

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British Pound trims losses against US Dollar after NFP-driven volatility

GBP/USD recovers part of its initial drop on Friday after stronger-than-expected United States (US) employment data briefly lifts the US Dollar (USD). The pair fell to an intraday low of 1.3482 immediately after the release before rebounding. At the time of writing, GBP/USD trades around 1.3512. Read More...

British Pound pulls back from session highs as BoE Bailey tames rate hike hopes

The British Pound (GBP) has retreated from session highs just below 1.3550 against the US Dollar (USD) during the London trading session, returning to levels near 1.3520 and turning negative on the daily chart. Bank of England (BoE) Governor Andrew Bailey called for flexibility on monetary policy, cooling hopes for an interest rate hike at September's monetary policy meeting. Read More...

GBP/USD Price Forecast: Bulls turn cautious as 1.3550 cap gains ahead of US NFP

The GBP/USD pair attracts some buyers for the second straight day, though it lacks follow-through and remains capped near mid-1.3500s through the early European session on Friday. Spot prices, for now, seem to have stalled the recovery from a nearly three-week low, touched on Wednesday, as traders keenly await the release of the US Nonfarm Payrolls (NFP). Read More...

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