GBP/USD dropped from around weekly highs nearby the 1.2780s due to flows towards safe-haven currencies like the US Dollar (USD), as data from the second largest economy reignited woes for a worldwide economic deceleration. At the time of writing, the GBP/USD exchanges hands at 1.2737, down 0.36%, in the mid-North American session. Read More…
The Pound Sterling (GBP) witnesses selling pressure as higher interest rates by the Bank of England (BoE) elevate the burden on the United Kingdom’s housing sector, hiring trend, and factory activities. The GBP/USD pair faces pressure as BoE policymakers keep the door open for further policy tightening so that inflation returns to 2%. Read More…
The likelihood of further weakness in GBP/USD now appears mitigated according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More…