The Pound Sterling moves higher to 1.2480 as investors see the BoE delaying rate cuts. UK’s stable wage growth is limiting the slowdown in price pressures. The US Dollar corrects despite the Fed ’s stance towards keeping interest rates higher for a longer period. The Pound Sterling extends its upside to 1.2480 in Thursday’s European session.
The near-term demand for the US Dollar remains intact as Federal Reserve policymakers keep emphasising the need for interest rates to remain higher for a longer period until they get convinced that inflation will return sustainably to the 2% target. Technical Analysis: Pound Sterling eyes 1.2500 The Pound Sterling aims for firm footing after discovering strong buying interest near the round-level support of 1.2400. The GBP/USD pair rebounds from 1.
BOE Inflation Fed SEO
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 edges down on dismal sentiment, BoE rate cut prospectsThe Pound Sterling (GBP) drops to 1.2600 against the US Dollar in Thursday’s European session.
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 »
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 »