GBP/USD is offered on Monday, extending losses from Friday while the dollar index is finishing July down after a similar loss in June. However, the Greenback is rebounded from July lows that printed following below-forecast US core PCE that favoured the Fed being done with rate hikes. The following illustrates the prospects of a low close for the day on the charts. Read More….
The Pound Sterling (GBP) faces immense pressure as investors eye the monetary policy of the Bank of England (BoE). The GBP/USD pair struggles to gauge direction as investors worry about deepening recession fears due to aggressive policy-tightening by the United Kingdom’s central bank. To tame stubborn inflation, the BoE is expected to raise interest rates for the fourteenth time in a row. Read More…
Extra decline in GBP/USD faces tough contention around 1.2720, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More…
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