Pound Sterling Price News and Forecast: GBP/USD retreats after hitting YTD high despite looming BoE’s decision

The GBP/USD retreats after hitting a new year-to-date (YTD) high of 1.2668 after the US Federal Reserve (Fed) reported the Senior Loan Officer Opinion Survey (SLOOS), which showed that US banks are expecting tightening credit conditions. However, a looming Bank of England (BoE) monetary policy cushioned the Pound Sterling (GBP). At the time of writing, the GBP/USD is trading at 1.2618. Read More…

The Pound Sterling (GBP), the oldest currency in the world, rises versus the US Dollar (USD) on Monday, following the coronation of a new head for its notes and coins in King Charles III. Read More…

The GBP/USD pair gains positive traction for the fourth successive day on Monday and builds on its steady intraday ascent through the mid-European session. The momentum lifts spot prices to the highest level since May 2022, around the 1.2660-1.2665 area in the last hour and is sponsored by a combination of supporting factors. Read More…