GBP/USD returns above 1.3500 as traders brace for hotter UK inflation
The Pound is retracing some losses on Tuesday with the US Dollar pulling back from recent highs amid a moderately positive market sentiment, and investors looking at Wednesday’s UK CPI reading that might give further reasons to BoE hawks. Read more…
GBP quiet despite continued support from fundamentals – Scotiabank
The Pound Sterling (GBP) is entering Tuesday’s NA session with a modest 0.1% gain, lagging its European currency peers while slightly outperforming growth-sensitive commodity peers CAD and AUD, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. Read more…
GBP/USD: Likely to trade in a range between 1.3415 and 1.3585 – UOB Group
Rapidly increasing downward momentum suggests Pound Sterling (GBP) could continue to decline, potentially dropping below 1.3485. In the longer run, GBP is now neutral; it is likely to trade in a range between 1.3415 and 1.3585, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Read more…
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