Pound Sterling Price News and Forecast: GBP/USD surges as weak US data fuels Fed rate-cut bets
GBP/USD surges as weak US data fuels Fed rate-cut bets
The Pound Sterling (GBP) extended its gains versus the US Dollar (USD) on Wednesday, as market participants punished the latter. Market participants priced in additional monetary policy easing by the Federal Reserve (Fed). United States (US) data shows the economy is weakening, with businesses and consumers turning pessimistic, mostly on trade policies. GBP/USD is trading at 1.2864, up over 0.55%. Read More…
Pound Sterling strengthens against US Dollar as US ADP Employment misses estimates
The Pound Sterling (GBP) jumps to near 1.2850 against the US Dollar (USD) in North American trading hours on Wednesday, the highest level seen since November 12. The GBP/USD pair extends its winning streak for the third trading day due to continuous underperformance from the US Dollar. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, slumps to near 105.00. Read More…
