Pound Sterling Price News and Forecast: GBP/USD hits YTD high amid USD weakness

GBP/USD climbs to a new year-to-date (YTD) high at 1.2867, amid overall US Dollar (USD) weakness, after the major printed a daily low of 1.2750. The GBP/USD exchanges hands at 1.2864, gains 0.21%, helped by falling US Treasury bond yields, even though US Federal Reserve (Fed) speakers suggested further rate hikes needed. Read More…

The Pound Sterling (GBP) has delivered a recovery move as market participants ahead of a speech from Bank of England (BoE) Governor Andrew Bailey on Monday at 15:00 GMT. Earlier, the bias for the GBP/USD pair softened as investors are anxious due to expectations of more interest rate hikes from the BoE. Read More…

Further upside momentum could lift GBP/USD to the 1.2900 region while above 1.2850, note UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More…