The Pound Sterling falls to 1.2600 against the US Dollar as investors wait for US core PCE inflation data for February. The Fed’s preferred inflation gauge could give clues over when the Fed may begin the rate-cut cycle. UK’s soft inflation data for February has lifted expectations for BoE rate cuts in June. The Pound Sterling drops to 1.2600 against the US Dollar in Thursday’s European session.
50, amid uncertainty ahead of the United States core PCE Price Index data for February. Technical Analysis: Pound Sterling consolidates around 1.2600 The Pound Sterling trades back and forth in a narrow range around 1.2600. The GBP/USD pair seems vulnerable around 1.2600 as the 20-day Exponential Moving Average at 1.2690 has turned down. The asset is slowly declining to the 200-day EMA, which trades around 1.2564. On the downside, the horizontal support from December 8 low at 1.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pound Sterling slumps amid uncertainty ahead of UK Inflation, Fed-BoE decisionsThe Pound Sterling (GBP) continues its losing streak for the fourth trading session on Tuesday as investors turn risk-averse in a big central banks’ week.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Pound Sterling soars amid upbeat market mood, BoE decision in focusThe Pound Sterling (GBP) exhibits strength in Thursday’s London session ahead of the Bank of England’s interest rate decision, prompted by investors’ higher risk appetite.
Source: FXStreetNews - 🏆 14. / 72 Read more »
GBP/USD Forecast: Pound Sterling could extend rally if it clears 1.2800 on BoEGBP/USD reversed its direction after dipping below 1.2700 on Wednesday and closed the day decisively higher, supported by the broad-based selling pressure surrounding the US Dollar (USD).
Source: FXStreetNews - 🏆 14. / 72 Read more »
Pound Sterling weakens on dismal market sentiment, higher prospects of BoE rate cutThe Pound Sterling (GBP) remains vulnerable against the US Dollar in Friday’s London session as the market sentiment is quite bearish.
Source: FXStreetNews - 🏆 14. / 72 Read more »
GBP/USD Forecast: Pound Sterling suffers from increasing BoE rate cut betsThe Pound Sterling (GBP) failed to hold its upswing against the US Dollar (USD), as the GBP/USD correction from seven-month highs of 1.2894 regained traction in the central banks’ bonanza week.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Pound Sterling drops on risk-off mood, firm BoE rate cut projectionsThe Pound Sterling (GBP) falls to near 1.2600 in Wednesday’s early American session.
Source: FXStreetNews - 🏆 14. / 72 Read more »