The Pound Sterling (GBP) posts a fresh weekly high at the round-level resistance of 1.2600 against the US Dollar (USD) in Wednesday’s London session.
The Pound Sterling jumps to 1.2600 amid uncertainty over BoE rate cuts and a soft US Dollar. Steady UK wage growth deepens fears of persistent inflationary pressures. The US Dollar is on the back foot ahead of crucial US inflation data for April. The Pound Sterling posts a fresh weekly high at the round-level resistance of 1.2600 against the US Dollar in Wednesday’s London session.
About rate cuts, Pill said that it is reasonable to believe that over the summer, “we will see enough confidence to consider lowering interest rates.” Technical Analysis: Pound Sterling tests 1.2600 The Pound Sterling extends its upside to the crucial resistance of 1.2600. The GBP/USD pair climbs above the major resistance plotted from December 8 low of 1.2500.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pound Sterling rises on improved market mood, decline in US DollarThe Pound Sterling (GBP) prints a fresh two-week high against the US Dollar (USD) near 1.2550 in Monday’s London session.
Read more »
Pound Sterling dips below 1.2500 against US Dollar ahead of Fed policyThe Pound Sterling (GBP) extends its downside below the psychological support of 1.2500 against the US Dollar (USD) during Wednesday’s London session.
Read more »
Pound Sterling slumps against US Dollar ahead of Fed policy, US dataThe Pound Sterling (GBP) edges down from a two-week high of 1.2570 but holds above the psychological support of 1.2500 against the US Dollar (USD) in Tuesday’s London session.
Read more »
Forex Today: UK inflation data support Pound Sterling, US Dollar consolidates before FedspeakHere is what you need to know on Wednesday, April 17: The US Dollar holds steady against its major rivals after ending Tuesday on a bullish note.
Read more »
Pound Sterling retreats as investors see BoE reducing rates before FedThe Pound Sterling (GBP) drops to 1.2540 against the US Dollar in Tuesday’s London session.
Read more »
Pound Sterling rises further after strong UK Q1 GDP reportThe Pound Sterling (GBP) extends its upside to 1.2540 in Friday’s London session as the United Kingdom Office for National Statistics (ONS) posted strong preliminary Q1 Gross Domestic Product (GDP) numbers.
Read more »