Pound Sterling wobbles against US Dollar, US Services PMI eyed
The Pound Sterling (GBP) trades broadly flat against its major peers on Tuesday as investors shift their focus to the Bank of England’s (BoE) monetary policy announcement on Thursday.
Investors expect the BoE to cut interest rates by 25 basis points (bps) to 4%. This would be the fifth interest rate cut by the United Kingdom (UK) central bank in its current monetary expansion cycle, which started in August 2024. Read more…
GBP/USD Forecast: Pound Sterling stabilizes ahead of key events
After failing to make a decisive move in either direction on Monday, GBP/USD extends its sideways grind on Tuesday and trades in a narrow band below 1.3300.
The US Dollar (USD) Index, which tracks the USD’s performance against a basket of six major currencies, registered marginal gains on Monday and made it difficult for GBP/USD to build on Friday’s rebound. Read more…
