GBP/USD Price Forecast: Recovers, aiming for 1.3400 on upbeat sentiment
The Pound Sterling climbs over 0.59% against the Greenback, boosted by an improvement in risk appetite, sponsored by China’s stimulus to its economy and increasing odds for a ‘soft landing’ in the US after revealing robust economic data. The GBP/USD trades at 1.3394 after bouncing off daily lows of 1.3312. Read More…
Pound Sterling bounces back strongly with Fed Powell’s speech in focus
The Pound Sterling (GBP) rebounds strongly to near the key support near 1.3400 against the US Dollar (USD) in Thursday’s North American session after correcting sharply on Wednesday. The GBP/USD finds cushion as investors have broadly underpinned the Pound Sterling against the Greenback due to firm speculation that the Federal Reserve’s (Fed) policy-easing cycle would be deeper and faster than the one to be followed by the Bank of England (BoE) in the remainder of the year. Read More…
GBP/USD edges higher amid modest USD downtick, remains below mid-1.3300s
The GBP/USD pair regains some positive traction during the Asian session on Thursday and reverses part of the overnight sharp retracement slide from the 1.3430 region, or its highest level since March 2022. Spot prices currently trade around the 1.3335-1.3340 area, up just over 0.10% for the day, and seem poised to resume the recent uptrend witnessed over the past two weeks or so. Read More…
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