GBP/USD nears 1.3400 as traders brace for BoE cut

GBP/USD nears 1.3400 as traders brace for BoE cut

GBP/USD advances during the North American session up 0.28% amid a scarce economic docket but following the Federal Reserve’s last week’s monetary policy decision, in which the central bank hinted a possible pause loom. The pair trades at around 1.3400 as traders brace for the Bank of England (BoE) decision, this week. Read More…

Pound Sterling trades stably ahead of UK data, BoE decision

The Pound Sterling (GBP) starts the Bank of England’s (BoE) monetary policy week on a cautious note against its major peers. However, the British currency braces for volatility and might face selling pressure this week amid a flurry of economic data releases and strong expectations that the Bank of England (BoE) is expected to cut interest rates by 25 basis points (bps) to 3.75%. Read More…

GBP/USD holds steady above mid-1.3300s as traders await key data and BoE this week

The GBP/USD pair remains on the defensive during the Asian session on Monday, though it lacks bearish conviction and holds above the 200-day Simple Moving Average (SMA) pivotal support. Spot prices currently trade around the 1.3360 region, nearly unchanged for the day. Read More…