<\/p>\n
\n Share:<\/span><\/p>\n GBP\/USD fluctuated in a narrow channel in the Asian session before retreating to the 1.2100 area in the European morning. The near-term technical outlook<\/a> suggests that the bearish bias stays intact.<\/p>\n Over the weekend, the United Arab Emirates (UAE) requested a UN Security Council emergency meeting to discuss the situation in the Gaza Strip, <\/strong>asking “for an immediate ceasefire to ensure that civilians and civilian institutions are not targeted.”\u00a0Read more…<\/a><\/p>\n <\/a><\/p>\n Economists at MUFG Bank analyze GBP outlook ahead of the BoE announcement on Thursday.<\/p>\n The worsening economic data<\/a> has been clear and will likely be clearly acknowledged by Governor Andrew Bailey in the press conference. <\/strong>We see this inevitable acknowledgement of weaker data and some evidence that the labour market conditions point to reduced wage inflation risks as helping to push yields lower.\u00a0Read more…<\/a><\/p>\n GBP\/USD is still finding support on dips below 1.21. Economists at Scotiabank analyze the pair\u2019s outlook.<\/p>\n Trading may remain relatively quiet ahead of the BoE<\/a> policy decision on Thursday.<\/strong> Markets expect policy to be left on hold but the GBP may see a minor bid if the voting shows a tight split among the nine policymakers.\u00a0Read more…<\/a><\/p>\n \u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Share: GBP\/USD Forecast: Pound Sterling looks fragile ahead of Fed and BoE meetings GBP\/USD fluctuated in a narrow channel in the Asian session before retreating to the 1.2100 area in the European morning. The near-term technical outlook suggests that the bearish bias stays intact. Over the weekend, the United Arab Emirates (UAE) requested a UN […]<\/p>\n","protected":false},"author":2,"featured_media":8929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,386,251,246,257,641,255,250,333,252,247,253,249,256,254],"class_list":["post-183724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-centralbanks","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gbpusd","tag-gta","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=183724"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183724\/revisions"}],"predecessor-version":[{"id":183725,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183724\/revisions\/183725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8929"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=183724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=183724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=183724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}GBP\/USD Forecast: Pound Sterling looks fragile ahead of Fed and BoE meetings<\/h2>\n
GBP\/USD: October low of 1.2037 will be the key support level \u2013 MUFG<\/h2>\n
GBP\/USD: Trend momentum is weak, favouring more range trading \u2013 Scotiabank<\/h2>\n