Pound Sterling Price News and Forecast: GBP/USD wavers amid US CPI data; traders focus on UK’s GDP

With the release of US inflation data in the United States (US), exceeding the prior’s month reading but below estimations, the GBP/USD reacted upwards, reaching a fresh week high of 1.2818. Nevertheless, as US Treasury bond yields soared, the US Dollar (USD) is staging a comeback, as the GBP/USD exchanges hands at 1.2687, down 0.24%. Read More…

The Pound Sterling (GBP) extends upside swiftly as the market mood turns cheerful. The GBP/USD pair looks well-supported for now as investors hope that the British economy could avoid recession due to easing inflationary pressures and declining consumer spending. Domestically, Friday’s factory data and Q2 Gross Domestic Product (GDP) figures will be in focus. Read More…

In the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, prospects for extra downside in GBP/USD appears diminished for the time being. Read More…