British Pound retreats as sticky PCE revives Fed hike bets
Sterling retreats some 0.39% as the US Dollar stages a recovery after a US inflation report revealed that prices remained elevated, increasing the chances of seeing a rate hike by the Federal Reserve (Fed) towards the end of the year. The GBP/USD exchanged hands below 1.3600, after reaching a high near 1.3651. Read More…
British Pound weakens against US Dollar as headline PCE beats forecasts
GBP/USD falls to a five-day low on Wednesday as traders react to the latest United States (US) Personal Consumption Expenditures (PCE) Price Index data. At the time of writing, the pair trades around 1.3603, down roughly 0.33% on the day. Read More…
GBP/USD Price Forecast: Hits fresh intra-week lows after failure at 1.3660 resistance
The British Pound (GBP) pares gains against the US Dollar (USD) on Wednesday, with bears testing the bottom of the intra-week trading range at the 1.3620 area, after failure to breach resistance at 1.3660. US Dollar bulls, however, remain subdued, awaiting the release of July’s US Personal Consumption Expenditures (PCE) Price Index, due later on the day. Read More…
