Sterling gains as investors ignore soft acceleration in BoE dovish sentiment
The pound sterling (GBP) gains against its main competitors on Friday, with investors looking for modern clues on how the Bank of England (BoE) will pursue a path of interest rate cuts in 2025. The BoE’s last policy statement in mid-December indicated on a dovish build-up as nine Monetary Policy Committees (MPCs) voted by a 6-3 majority to keep interest rates unchanged, a bigger split than economists predicted 8 to 1. Read more…
GBP/USD Price Forecast: Bearish outlook remains below 1.2550
The GBP/USD pair recorded slight gains to the area of ​​1.2520 during Friday’s early European session. However, the main pair’s upside appears restricted amid low trading activity and rising expectations that the US Federal Reserve (Fed) will make fewer interest rate cuts next year. Read more…
GBP/USD remains low near 1.2500 due to increased likelihood of fewer Fed rate cuts
GBP/USD remains low for the third day in a row, trading around 1.2520 during Asian hours on Friday. The decline can be attributed to tender post-Christmas trading activity and a stronger US dollar (USD), driven by rising expectations of fewer interest rate cuts by the US Federal Reserve (Fed). Read more…
