Pound Sterling Price News and Forecast: GBP/USD rebounds to 1.2700 as PCE eases in the US

GBP/USD recovered lost ground on the last day of the week, month, and quarter, rising more than 0.80% after hitting a daily low of 1.2599. Upbeat data from the United Kingdom (UK) and inflation edging lower in the United States (US) boosted the Pound Sterling (GBP), set to finish the month with gains of 2%. At the time of writing, the GBP/USD is trading at 1.2717. Read More…

GBP/USD reverses from intraday high while paring the first daily gains in three around 1.2620 amid early Friday morning in London. In doing so, the Pound Sterling fails to justify the unimpressive UK Gross Domestic Product (GDP) data while portraying the cautious mood ahead of the key US inflation clues. Read More…

The UK economy grew 0.1% on the quarter in the first three months of 2023 vs. 0.1% prior, the final revision confirmed on Friday. The market had expected an expansion of 0.1% in the first quarter. Read More…