Pound Sterling Price News and Forecast: GBP/USD holds its strengths despite hawkish FOMC minutes

After the release of July’s Federal Open Market Committee (FOMC) minutes, the GBP/USD saw little change. Despite members sounding hawkish, if failed to trigger a significant reaction on the USD, the GBP continues to trade strong amid hot inflation figures from the UK and hawkish bets on the Bank of England. Read More…

The Pound Sterling (GBP) is strengthening, inspired by persistently high core inflation data. The GBP/USD pair delivers a consolidation breakout as the Core Consumer Price Index (CPI) remains stable at 6.9%, higher than the forecast of 6.8%. Robust wage growth keeps consumer spending momentum intact and core price pressure near its immediate peak of 7.1%. Read More…

The GBP/USD pair extends the overnight pullback from a multi-day top, around mid-1.2700s and continues losing ground through the Asian session on Wednesday. Spot prices slid back below the 1.2700 round-figure mark and remain well within the striking distance of the 100-day Simple Moving Average (SMA) support near the 1.2620-1.2615 region, or the lowest level since June 30 touched on Monday. Read More…