Pound Sterling Price News and Forecast: GBP/USD slumps below 50-DMA ahead of US inflation, UK’s GDP figures

GBP/USD modestly dives during the North American session, below the 50-day Exponential Moving Average (EMA) even though the US Dollar (USD) remains soft across the board as speculators prepare for the release of inflation data in the United States (US). The GBP/USD is trading at 1.2724, down 0.18%. Read More…

The Pound Sterling (GBP) fails to keep recovery intact as more interest rate hikes from the Bank of England (BoE) are highly required. The GBP/USD pair discovers buying interest as the United Kingdom inflation is expected to remain well above 2% for the next four years. As the central bank is failing to achieve price stability sooner, further policy tightening cannot be ruled out. Read More…

The GBP/USD pair ticks higher during the Asian session on Wednesday and looks to build on the previous day’s rebound from the 1.2685 area. Spot prices currently flirt with the 50-day Simple Moving Average (SMA), just above mid-1.2700s, and draw support from a mildly softer tone surrounding the US Dollar (USD). Read More…