GBP/USD retreats from two-week high as US Dollar firms ahead of inflation data
The British Pound (GBP) edges lower against the US Dollar (USD) on Monday, snapping its recent advance as the Greenback firms ahead of Tuesday’s US Consumer Price Index (CPI) report. A modest rebound in the US Dollar is weighing on the Pound, with GBP/USD retreating from a two-week high reached earlier in the day. Read More…
Pound Sterling gains as traders trim BoE’s interest rate cut bets
The Pound Sterling (GBP) trades higher against its peers at the start of the week as traders have trimmed expectations supporting further interest rate cuts by the Bank of England (BoE) in the remainder of the year. Read More…
GBP/USD consolidates just below mid-1.3400s; bullish potential seems intact
The GBP/USD pair kicks off the new week on a subdued note and consolidates its recent goodish recovery gains from the 1.3140 area, or the lowest level since April 14, touched earlier this month. Spot prices trade just below mid-1.3400s during the Asian session, nearly unchanged for the day, though the fundamental backdrop seems tilted in favor of bullish traders. Read More…