GBP/USD has climbed to a two-month high above 1.35 as investors continue to scale back Federal Reserve rate hike expectations and welcome reports over the UK's next Chancellor.
U.S. retail sales and jobless claims could reshape Fed rate expectations. See the latest outlook for DXY, EUR/USD and GBP/USD.
Pound Sterling Price News and Forecast: GBP/USD posts modest losses near 1.3535
GBP/USD Price Forecast: Maintains constructive uptrend above 1.3500 despite mild losses
Pound Sterling Price News and Forecast: GBP/USD rallies as soft US PPI hits US Dollar
GBP/USD is attempting to complete its most significant technical breakout in months after a 2.6% recovery off the yearly lows carried Sterling back into a major resistance zone defined by the yearly open and key Fibonacci retracement levels. The latest advance has improved the near-term technical outlook, but buyers still need confirmation above this pivotal barrier to invalidate the broader May downtrend.
Pound Sterling Price News and Forecast: GBP/USD Soft US CPI data backs upside towards 1.3500
GBP/USD rose to 1.3403 on Wednesday, with British politics taking centre stage for investors. The market is assessing the upcoming change of prime minister, with Andy Burnham set to take office on 20 July.
Softer U.S. inflation reshapes Fed expectations as DXY consolidates below $101.22. See the latest outlook for EUR/USD and GBP/USD.
British Pound: Advance stalled with neutral range view against US Dollar – UOB
The Pound to Dollar (GBP/USD) exchange rate rallied on Tuesday after softer-than-expected US inflation data prompted investors to scale back expectations for another Federal Reserve interest rate hike. At the time of writing, GBP/USD was trading around $1.3411, up approximately 0.5% on the day.
Pound Sterling Price News and Forecast: GBP/USD rises amid soft US inflation data