The Pound Sterling losses steam and treads water against the US Dollar as traders prepare for the announcement of major central banks' monetary policy decisions.
GBP/USD hold steady as BoE, Fed decisions loom. US homebuilders' confidence rises, mortgage rates may drop if Fed eases. UK inflation data pivotal for Sterling pre-BoE decision. The GBP/USD is under pressure as unexpected UK CPI may alter BoE policy. The Pound Sterling losses steam and treads water against the US Dollar as traders prepare for the announcement of major central banks' monetary policy decisions.
Pound Sterling FAQs What is the Pound Sterling? The Pound Sterling is the oldest currency in the world and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, aka ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders , and EUR/GBP .
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Forecast: Pound Sterling looks to extend the upswingThe Pound Sterling (GBP) booked the first weekly gain against the US Dollar (USD), snapping a five-week bearish momentum.
Read more »
GBP/USD Forecast: Pound Sterling weakens as US Dollar rebounds modestlyThe Pound Sterling (GBP) returned to red against the US Dollar (USD), reversing the previous week’s rebound.
Read more »
GBP/USD Forecast: Pound Sterling rebounds firmly on weaker US DollarFollowing a down week, the Pound Sterling (GBP) regained its lost footing against US Dollar (USD), with GBP/USD clinching the highest level in seven months near the 1.2900 mark.
Read more »
British Pound Outlook & Market Sentiment – GBP/USD, GBP/JPY, EUR/GBPThis article scrutinizes retail sentiment on the British pound across three key FX pairs: GBP/USD, GBP/JPY and EUR/GBP, while also examining unconventional scenarios that challenge common crowd behaviors in the market.
Read more »
GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Mar 01, 2024 when GBP/USD traded near 1.26.Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.
Read more »
GBP/USD Forecast: Short-term blip or correction ahead?The Pound Sterling (GBP) gave into the US Dollar (USD) resurgence, as GBP/USD registered a sharp correction from seven-month highs of 1.2894 reached a week ago.
Read more »