Pound Sterling Price News and Forecast: GBP/USD: Bears in town and eye last week’s lows as target

GBP/USD shorts are in the market. Still, the price moved up marginally at times due to a weaker US Dollar on Wednesday, trimming gains made earlier in the session on the back of the Bank of England Governor Andrew Bailey who said there are still no decisions on the terms of whether interest rates would need to rise again. Read More…

GBP/USD is sliding, even though the market sentiment is upbeat on positive data from China. In addition, a Bank of England (BoE) official was more hawkish than expected, sponsoring a leg-up in the GBP/USD. At the time of writing, the GBP/USD exchanges hands at 1.2005, below its opening price by 0.15%. Read More…

The GBP/USD pair attracts fresh buyers in the vicinity of the 1.2000 psychological mark on Wednesday and stalls the overnight rejection slide from the 50-day Simple Moving Average (SMA). The intraday positive move picks up pace during the early European session and lifts spot prices to a fresh daily high, around the 1.2085 region in the last hour. Read More…