GBP/USD falters on mixed BoE signals, higher US bond yields – Crypto News – Crypto News
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GBP/USD rallies sharply, above 1.1860 on mixed US/UK PMIs GBP/USD rallies sharply, above 1.1860 on mixed US/UK PMIs

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GBP/USD falters on mixed BoE signals, higher US bond yields – Crypto News

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The British Pound (GBP) extended its losses against the US Dollar (USD), and for the fourth straight day, fell 0.25% after the pair hit a daily high of 1.2308. Nevertheless, dovish remarks by the Bank of England’s (BoE) Chief Economist Huw Pill on Tuesday, weakened the Pound due to rate cut speculations. The GBP/USD trades at 1.2249. Read More…

 

The Pound Sterling (GBP) is stuck in a tight range as investors seem unwilling to build fresh positions ahead of the release of the UK Q3 Gross Domestic Product (GDP) data, published on Friday at 07:00 GMT. The GBP/USD pair remains on tenterhooks as the Q3 GDP report will shape December’s monetary policy outlook of the Bank of England (BoE). Read More…
Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group expect GBP/USD to move within a consolidative range in the next few weeks. Read More…

 

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