GBP/USD forecast ahead of BoE interest rate decision
The GBP/USD exchange rate pulled back slightly after the Federal Reserve interest rate decision and US GDP data. It dropped to a low of 1.2400, down from this week’s high of 1.2500 as focus shifts to the upcoming US personal consumption expenditure (PCE) data and Bank of England (BoE) decision.
FxWirePro: GBP/USD slips towards 1.2400 level ahead of Bank of England rate decision
GBP/USD fell sharply on Thursday as sterling attracted sellers ahead of the Bank of Englands policy decision. Markets price in a 94% chance the BoE will cut rates by 25 basis points to 4.5% on Thursday,
Sterling Extends Losses After BOE Cuts Rates
Sterling was weaker against the dollar after the BOE cut interest rates by 25bp, a decision that was widely expected, but two members preferred a 50 basis-point reduction, which analysts hadn’t anticipated.
Sterling drops ahead of Bank of England rate decision
Sterling fell against the dollar on Thursday, on track for its biggest daily drop in about a month, as investors awaited the outcome of the Bank of England's meeting, at which the central bank is widely expected to cut interest rates.
FxWirePro: GBP/USD steady but trend lower looks likely to resume
GBP/USD started strong on Tuesday but gave up some earlier ground as optimism around Trump easing tariffs faded. Looking ahead, market participants are awaiting the Bank of Englands policy meeting later this week.
Sterling Could Fall if Strong Majority of BOE Officials Back Rate Cut
Sterling weakened against the dollar and could fall further if the BOE votes 8-1 to cut interest rates and downgrades its economic growth forecasts, ING said.
GBP/USD trades with negative bias around 1.2425 area, US NFP report awaited
The GBP/USD pair struggles to capitalize on the overnight bounce from a multi-day low and trades with a mild negative bias, ...
forexcrunch52m
GBP/USD Outlook: Pound Eases After Dovish BoE Cut
The GBP/USD outlook points south after an unexpected call for a more significant rate cut during the Bank of England policy ...
US Dollar Forecast: ADP Jobs Data Lifts DXY, GBP/USD and EUR/USD Outlook
US Dollar gains after ADP jobs data beats forecasts, while ISM PMI misses expectations. How will GBP/USD and EUR/USD react?
GBP/USD Forecast: Pound Sterling could extend uptrend on hawkish BoE
On Wednesday, the disappointing ISM Services PMI data made it difficult for the US Dollar (USD) to find demand. Additionally, ...
Investing11d
Pound to US Dollar Week Ahead Forecast: GBP/USD Soars as Trump Tariff Fears Ease
In an interview with Fox News, Trump said that he ‘would rather not’ impose tariffs on China and that he thinks they can ...
US Dollar Price Forecast: Weakens After Durable Goods Miss – Bond Yield and GBP/USD Outlook
The US Dollar weakens as Durable Goods Orders disappoint. Bond yields fall, impacting GBP/USD and EUR/USD. What’s next for ...
GBP/USD: Above 1.2550 a sustained can be expected – UOB Group
The Pound Sterling (GBP) is expected to consolidate in a 1.2460/1.2540 range. In the longer run, GBP has to break and remain above 1.2550 before a sustained advance can be expected, UOB Group’s FX ...
BofA sees potential GBP/USD rally
According to BofA, the daily and weekly charts of GBP/USD present a favorable setup for a rally toward the 200-day and 200-week moving averages, with respective levels of 1.2791 and 1.2750.