Pound Sterling Price News and Forecast: GBP/USD hangs near daily low

The GBP/USD pair edges lower during the Asian session on Tuesday and reverses a part of the previous day’s goodish move up of over 85 pips from sub-1.2100 levels. Spot prices currently trade around the 1.2155 region, down just over 0.10% for the day and well within a familiar range held over the past week or so. Read More…

The GBP/USD is finding some bids for Monday, rebounding from the day’s early lows just south of the 1.2100 handle, and the Pound Sterling has a target set on 1.2200 ahead of the Federal Reserve’s (Fed) Wednesday rate call. The Fed will beat the Bank of England (BoE) to the punch on central bank action this week, with the BoE slated for the day after. Read More…

The Pound Sterling (GBP) struggles to find a direction on Monday as investors await the interest rate decision from the Bank of England (BoE) for further decision-making. The GBP/USD pair trades sideways as the market mood turns quiet, with investors also seeking fresh developments over the Israel-Palestine conflict to take further action. Read More…