Pound Sterling Price News and Forecast:GBP/USD Pound Sterling outperforms US Dollar as US Jobless Claims surge

Pound Sterling outperforms US Dollar as US Jobless Claims surge

The Pound Sterling (GBP) surges to near 1.2750 against the US Dollar (USD) in Thursday’s North American session. The GBP/USD pair strengthens as the US Dollar slumps after the release of the United States (US) Initial Jobless Claims data for the week ending November 29. The data showed that individuals claiming jobless benefits were 224K, higher than estimates and the prior release of 215K. Read More…

BoE DMP Survey: UK firms’ inflation expectations rise to 2.7% in the December quarter

According to the latest Bank of England (BoE) Decision Maker Panel (DMP) quarterly survey released on Thursday, “one-year ahead expected CPI inflation by the UK companies rose by another 0.1 percentage points to 2.7% in the quarter to December.” Read More…

GBP/USD holds steady above 1.2700 mark amid subdued USD price action

The GBP/USD pair trades with a mild positive bias for the third straight day and holds steady just above the 1.2700 mark during the Asian session on Thursday. Spot prices, however, lack bullish conviction and remain below the weekly high touched on Monday. Read More…