Pound Sterling Price News and Forecast: GBPUSD bulls have stepped in at the open
GBP/USD bulls are guarding 1.1950 and eye 1.22s
GBP/USD is moving higher in the open, up some 0.2% having popped from a low of 1.2135 and reaching 1.2159 so far on the day. Markets are backing the greenback, however, as risk appetite sours into the final weeks of the year while investors fret over the prospect that borrowing costs still have a long way to climb following a slew of hawkish rate hikes.
GBP/USD Weekly Forecast: Is Pound Sterling ‘buy the dips’ trade?
GBP/USD reversed sharply from a six-month top and ended the week marginally lower amid a bumper week for central bank activity, which brought the US Federal Reserve (Fed) and the Bank of England (BoE) monetary policy divergence back to the fore. Investors now shift their attention toward the last full week of 2022, eyeing the top-tier United States economic data amid a relative quiet docket for the United Kingdom.