Pound Sterling Price News and Forecast: GBP/USD trades on a softer note above the mid-1.2600s
GBP/USD trades on a softer note above the mid-1.2600s, US PCE data eyed
The GBP/USD pair bounces off the multi-day lows near 1.2620 and recovers to 1.2660 during the early Asian session on Thursday. The renewed US Dollar (USD) demand ahead of the key US event weighs on the major pair. Investors await the US January Personal Consumption Expenditures Price Index (PCE) on Thursday for fresh impetus. At press time, GBP/USD is trading at 1.2660, down 0.01% for the day. Read More…
Pound Sterling plummets on risk-off mood ahead of US inflation data
The Pound Sterling (GBP) weakens in Wednesday’s late European session as the market sentiment remains volatile ahead of critical United States core Personal Consumption Expenditure price index (PCE) data for January. The GBP/USD pair falls on the back foot despite expectations that the Bank of England (BoE) will begin reducing interest rates later than the Federal Reserve (Fed). This supports the Pound Sterling as higher interest rates generally attract greater foreign capital inflows. Read More…
GBP/USD Price Analysis: Bears look to seize control below 23.6% Fibo. amid modest USD strength
The GBP/USD pair comes under heavy selling pressure following the previous day’s two-way directionless price moves and drops to the 1.2665 region during the Asian session on Wednesday. Read More…
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