GBP/USD Forecast: Pound Sterling clings to bullish stance
After ending the previous week modestly higher, GBP/USD holds its ground and edges higher toward 1.3600 in the European morning on Monday. The near-term technical outlook points to a bullish stance but market participants could refrain from taking large positions ahead of the Federal Reserve’s (Fed) and the Bank of England’s (BoE) policy meetings later in the week.
The mixed macroeconomic data releases from the US last week made it difficult for the US Dollar (USD) to gather strength against its rivals and helped GBP/USD inch higher. Read more…
GBP/USD Weekly Forecast: Pound Sterling traders eye Fed and BoE decisions
The Pound Sterling (GBP) booked a third consecutive weekly gain against the US Dollar (USD), testing the 1.3600 barrier to reach monthly highs.
It was all about the increased dovish sentiment surrounding the US Federal Reserve’s (Fed) path forward on interest rates, which smashed the US Dollar to the lowest level in seven weeks across its six major currency rivals. Read more…
