GBP/USD opens the door to a visit to 1.3600
The British Pound (GBP) is rapidly recovering from Friday’s hiccup and manages to regain composure on Monday, lifting GBP/USD past 1.3500, a figure in a context dominated by the widespread selling bias in the US Dollar (USD). Read More…
GBP/USD rises above 1.3500 as BoE rate cut odds fade, US Dollar weaken
GBP/USD appreciates after registering slight losses in the previous session, trading around 1.3530 during the European hour on Monday. The pair remains stronger as the Pound Sterling (GBP) receives support from the fading odds of further BoE rate cuts, driven by persistent inflationary pressures in the United Kingdom (UK). Catherine Mann, a member of the BoE Monetary Policy Committee (MPC), stated last week that the bank rate should be held persistently to lean against inflation risks. Read More…
GBP/USD Price Forecast: First upside barrier emerges above 1.3600
The GBP/USD pair edges higher to near 1.3520 during the early European session on Monday. The growing prospect that the Federal Reserve (Fed) will lower borrowing costs at least twice by the end of this year undermines the US Dollar (USD) against the Pound Sterling (GBP). Read More…
