Pound Sterling Price News and Forecast: GBP/USD tests below 1.24 as Pound Sterling softens

The Pound Sterling (GBP) is notably bearish for Thursday, briefly breaking beneath the 1.2400 major handle against the Greenback (USD) as bears keep the GBP pinned to the floor. Read More…

The Pound Sterling (GBP) prints a fresh four-month low as strong wage growth momentum in August has set a hawkish undertone for the Bank of England’s (BoE) September monetary policy decision. The GBP/USD pair dropped sharply despite investors hope that a hawkish interest rate decision from the BoE will scrap its policy divergence with the Federal Reserve (Fed). Read More…

GBP/USD could still slip back to the 1.2400 region in the next weeks, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Read More…