Pound Sterling Price News and Forecast: GBP/USD Struggles to crack 1.2700, oscillates around 1.2650

GBP/USD Price Forecast: Struggles to crack 1.2700, oscillates around 1.2650

The GBP/USD fluctuated between gains/loses, trapped at around the 1.2630-1.2700 range for the third consecutive day. Despite cracking 1.2700, buyers remain unable to drive prices higher amid dovish remarks by Bank of England (BoE) Governor Andrew Bailey. Read More…
 

Pound Sterling’s upside stalls as BoE Bailey predicts four interest rate cuts in 2025

The Pound Sterling (GBP) surrenders some of its gains against its peers on Wednesday after Bank of England (BoE) Governor Andrew Bailey forecasted four interest-rate cuts in 2025 in an interview with Financial Times (FT). Read more…

GBP/USD Price Forecast: Bearish bias remains unchanged below 1.2700

The GBP/USD pair trades in positive territory for the second consecutive day around 1.2690 during the early European session on Wednesday. However, the potential upside for GBP/USD seems limited as the expectation of less aggressive interest rate cut by the US Federal Reserve (Fed) and the concerns about US President-elect Donald Trump’s tariffs policies could provide some support to the Greenback. Investors await Federal Reserve Chair Jerome Powell’s speech for cues about the interest rate outlook.  Read More…