Pound Sterling Price News and Forecast: GBP/USD dives after Fed’s hawkish pause

Following the Federal Reserve (Fed) decision, the GBP/USD fell to a low of around 1.2330 and then recovered to 1.2365. The USD measured by the DXY index recovered back above 105.00, while the US Treasury yields are reversing their course, clearing daily declines with the 2,5 and 10-year rates standing at 5.14% (high since 2006), 4.54% (high since 2007) and 4.35% respectively.  Read More…

The Bank of England (BoE) will announce its Interest Rate Decision on Thursday, September 21 at 11:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of 10 major banks. Read More…

The Pound Sterling (GBP) discovers buying interest but the broader bias remains weak as the UK’s Consumer Price Index (CPI) report for August turned out soft while investors projected a persistent one due to a recovery in energy prices. The GBP/USD pair remains under pressure as core inflation decelerated significantly, portraying a slowdown in demand for non-durable goods. UK’s Producer Price Index (PPI) for core output contracted in August, which indicates that producers lost confidence in the demand outlook as high inflation bit households’ real income. Read More…