GBP/USD climbs as Fed-BoE policy divergence fuels Pound strength
The Pound Sterling (GBP) advances at the beginning of the week as traders continue to digest the recent US employment report that keeps investors’ hopes of an interest rate cut by the Federal Reserve (Fed). At the time of writing on Monday, the GBP/USD pair trades at 1.3541, up 0.26%. Read More…
Pound Sterling trades lower as UK interest rates path remains downwards
The Pound Sterling (GBP) underperforms its peers, except the US Dollar, at the start of the week. The British currency weakens as Bank of England (BoE) Governor Andrew Bailey reiterated the need to unwind monetary policy restrictiveness further during his speech before the House of Commons’ Treasury Committee last week, citing labor market risks. Read More…
GBP/USD Price Forecast: Bullish outlook remains in play near 1.3500
The GBP/USD pair edges lower to around 1.3500 during the early European session on Monday, bolstered by a modest rebound in the US Dollar (USD). However, the potential downside for the major pair might be limited amid rising expectations that the US Federal Reserve (Fed) will lower interest rates this year following Friday’s downbeat US jobs report. Read More…
