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.
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 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 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 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, ...
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?
forexcrunch20h
GBP/USD Forecast: Markets Cautious Ahead of BoE Meeting
The GBP/USD forecast shows a pullback from recent peaks as market participants prepare for a likely Bank of England rate cut.
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 ...
US Dollar Forecast: DXY Drops as China Retaliates with New Tariffs – GBP/USD and EUR/USD Outlook
US Dollar slides as China retaliates with fresh tariffs, raising market volatility. GBP/USD and EUR/USD show bullish potential amid USD weakness.
EconoTimes1d
FxWirePro: GBP/USD rallies to one- month high, good to buy on dips
GBP/USD rose to a one-month high on Wednesday as the dollar retreated, with markets focused on tariff news from the White House. The dollar dropped on Tuesday after data showed U.S. job openings fell ...
Investing10d
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 ...
British Pound slides from one month high as Bank of England expected to cut rates further
British Pound has slipped today as a corrective moves is being witnessed in the currency ahead of the monetary policy announcement from the Bank of England (BOE). The BoE is expected to cut its ...
GBP/JPY dives to near 188.40 as all BoE members support 25-bps interest rate reduction
The GBP/JPY pair faces an intense sell-off and dives vertically to near 188.40 in Thursday’s North American session, the ...