GBP/USD nears multi-week highs, eyes on 1.3000
The Pound Sterling advances as the Greenback weakens, testing last week’s high of 1.2987. Investors eye crucial monetary policy decisions by the US Federal Reserve (Fed) and the Bank of England (BoE). The GBP/USD trades at 1.2975, up 0.31%. Read More…
Pound Sterling rises against US Dollar ahead of Fed-BoE monetary policy
The Pound Sterling (GBP) jumps to near 1.2970 against the US Dollar (USD) at the start of the week. The GBP/USD pair rises as the US Dollar Index, which tracks the Greenback’s value against six major currencies, declined to near 103.50. The USD Index weakens while investors await the monetary policy decision from the Federal Reserve (Fed) and the Bank of England (BoE), which will be announced on Wednesday and Thursday, respectively. Both the Fed and the BoE are expected to keep interest rates steady. Read More…
GBP/USD Price Forecast: Moves below 1.2950 toward nine-day EMA
The GBP/USD pair extends its losing streak for the third successive session, trading around 1.2940 during the Asian hours on Monday. Technical analysis of the daily chart suggests a continued bullish bias, with the pair moving upwards within an ascending channel pattern. Read More…
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