Pound Sterling stays firm against US Dollar on quieter market conditions

FXStreet Team FXStreet

GBP/USD stays firm against US Dollar on quieter market conditions

The Pound Sterling clings to gains of 0.05% against the US Dollar after hitting a daily low of 1.2605. Thin liquidity conditions prevail in the financial markets amid a shortened week in observance of Good Friday. At the time of writing, the GBP/USD trades at 1.2632. Read More...

Pound Sterling remains on backfoot on firm BoE rate cut hopes

The Pound Sterling (GBP) falls to near 1.2600 in Wednesday’s early American session. The broader appeal remains weak as investors expect the Bank of England (BoE) will start reducing interest rates sooner than previously anticipated. To a certain extent, the BoE has turned dovish on the interest rate outlook as the United Kingdom’s inflation is softening. Read More...

GBP/USD Price Analysis: Could test the level of 1.2600, next support at March’s low

GBP/USD extends its losses for the second consecutive day, depreciating to near 1.2620 during the Asian session on Wednesday. The pair could test the psychological support level of 1.2600. If this level is breached, it could prompt the pair to revisit March’s low at 1.2575. Read More...

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FXStreet

EUR/USD falls to near 1.1600 due to persistent bearish bias

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GBP/USD underperforms as UK faces stagflation risks amid Middle East war

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