GBP/USD Forecast: Pound Sterling holds steady above key support level
GBP/USD fell toward 1.2570 in the early American session on Friday but staged a decisive recovery to close the day virtually unchanged above 1.2600. The pair trades marginally lower on the day but holds comfortably above 1.2600 in the European session on Monday. Read more…
Pound Sterling remains subdued on firm BoE rate cut prospects
The Pound Sterling (GBP) falls slightly but broadly consolidates in a tight range above 1.2600 in Monday’s European session. The GBP/USD pair trades sideways as investors await the United States Consumer Price Index (CPI) data for March, which will be published on Wednesday. The inflation data will provide more clarity over whether the Federal Reserve (Fed) will begin to reduce interest rates from June. Read more…
GBP/USD Price Analysis: Pound Sterling looks vulnerable whilst below 1.2665
The Pound Sterling (GBP) is trading on the back foot against the US Dollar (USD), as the GBP/USD pair manages to hold above the 1.2600 level at the start of the week on Monday. Read more…
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