Pound Sterling Price News and Forecast: GBP/USD stumbles as US economic optimism boosts the greenback

GBP/USD drops sharply in the North American session following the release of outstanding data in the United States (US), painting an optimistic economic outlook and cementing the case for additional tightening by the US Federal Reserve (Fed). Therefore, the greenback is rising, underpinned by elevated US Treasury bond yields. At the time of writing, the GBP/USD is trading at 1.2611, down 0.18%. Read More…

GBP/USD drills the 15-day low around 1.2620 heading into Thursday’s London open. In doing so, the Cable pair traders pay little reaction to comments from Bank of England (BoE) Governor Andrew Bailey than Federal Reserve (Fed) Chairman Jerome Powell. Read More…

In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, GBP/USD is expected to navigate within the 1.2650-1.2850 range in the next few weeks. Read More…