Pound Sterling Price News and Forecast: GBP/USD rises after FOMC minutes reveal divergence in viewpoints
GBP/USD maintains its position above 1.2300 major level ahead of US CPI
GBP/USD continues the winning streak that began last week, trading higher around 1.2310 during the Asian session on Thursday. Despite robust economic data from the United States (US), the pair is finding upward support on divergence in perspectives revealed in the Federal Open Market Committee (FOMC) minutes.
The FOMC minutes emphasized the significance of relying on data. There was a suggestion that achieving a substantial increase in inflation would be crucial to garnering consensus for shaping monetary policy decisions. Read more…
GBP/USD Price Analysis: Oscillates near 1.2310, as the formation of a death-cross loom
GBP/USD prints minuscule losses as Thursday’s Asian session begins after enjoying modest gains of 0.22%, which dragged the exchange rate towards a weekly high of 1.2337. However, late in the New York session, the major retreated towards 1.2310, where the exchange rate oscillates at the time of writing.
Data from the United States (US) did little to help the Greenback (USD) offset its losses versus the Pound Sterling (GBP). Read more…
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