Pound Sterling Price News and Forecast: GBP/USD hovers around 1.2430s – Crypto News – Crypto News
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GBP/USD finds some support near mid-1.1400s, eyes BoE for fresh impetus GBP/USD finds some support near mid-1.1400s, eyes BoE for fresh impetus

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Pound Sterling Price News and Forecast: GBP/USD hovers around 1.2430s – Crypto News

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GBP/USD trades flat in the mid-North American session on Monday, following hawkish remarks by US Federal Reserve officials, which weighed on the Pound Sterling (GBP). Nevertheless, a risk-on impulse spurred by improvements in discussions about raising the debt ceiling in the United States (US) was a headwind for the US Dollar (USD). At the time of writing, the GBP/USD is trading at 1.2437.Read More…

The GBP/USD pair Attracts some dip-buying near the 1.2415 region on Monday and trades with a mild positive bias through the first half of the European session. Spot prices, however, remain well within striking distance of a nearly one-month low touched last week and currently trade around the 1.2445-1.2450 area up less than 0.10% for the day. Read More…

A breakout of 1.2500 should mitigate the downside pressure in GBP/USDsuggest UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia. Read More…

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