GBPUSD fell back below the 1.30 level following the release of softer-than-forecast inflation data that lowered the odds of a 50 basis point interest rate hike at the Bank of England in August.
Read more … →
The Pound to Dollar exchange rate can undergo a downside correction in the near term that would take it comfortably below 1.30, according to a new analysis from Standard Chartered.
Read more … →
GBPUSD can remain supported over the coming days with any weakness expected to invite fresh buying interest, according to a new technical analysis.
Read more … →
The Pound to Dollar exchange rate has rallied to its highest since April 2022 but it now faces headwinds in the form of formidable technical resistances around 1.3108 and 1.3240 and might be lucky …
Read more … →
A surge in momentum behind GBPUSD should take it higher and it is too early to expect a material pullback on a technical basis, according to a new analysis.
Read more … →
Strategists at HSBC went against the consensus in late 2023 and forecast a rise in the value of the currency. So, where does the team that got it right see the Pound moving over the coming weeks an…
Read more … →
The British Pound reached a fresh 2021 high and another key figure at 1.31 on Thursday as the strong rally ignited by the release of softer-than-expected inflation data the previous day extended.
Read more … →