GBP/USD falls below 1.3350 as oil prices rise, Fed forecasts raise USD
GBP/USD is paring some of Thursday’s 0.84% gains as investors become risk-averse amid escalating conflict in the Middle East and price in no Federal Reserve interest rate cuts in 2026. At the time of writing, the pair was trading below 1.3350 after hitting an intraday high of 1.3442. Read more…
GBP/USD Pulls Back as BoE’s Hawkish Change Meets Resilient US Dollar
The GBP/USD currency pair is retreating on Friday, trading around 1.3380 at the time of writing, down 0.39% on the day after Thursday’s powerful rally following the Bank of England’s (BoE) decision. The corrective move comes as the US dollar (USD) regains some traction, despite a broader context shaped by a hawkish sell-off in global monetary policy. Read more…
GBP/USD Price Forecast: 38.2% Fibo Retracement Provides Key Barrier Near 1.3470
GBP/USD fell 0.2% to almost 1.3400 during Friday’s behind schedule Asian session. Cable is facing selling pressure as the U.S. dollar index (DXY) rebounds after falling more than a percentage point the previous day. Read more…
