{"id":204154,"date":"2023-12-01T09:11:54","date_gmt":"2023-12-01T03:41:54","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=204154"},"modified":"2023-12-01T09:11:54","modified_gmt":"2023-12-01T03:41:54","slug":"gbp-usd-trades-higher-around-1-2650-on-hawkish-boe-weaker-us-dollar-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gbp-usd-trades-higher-around-1-2650-on-hawkish-boe-weaker-us-dollar-crypto-news\/","title":{"rendered":"GBP\/USD trades higher around 1.2650 on hawkish BoE, weaker US Dollar &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>GBP\/USD trims recent losses on subdued US Dollar.<\/strong><\/li>\n<li><strong>BoE\u2019s Megan Greene indicated that interest rates remain elevated to curb persistent high inflation.<\/strong><\/li>\n<li><strong>US Dollar retraces its recent gains on downbeat US Treasury yields.<\/strong><\/li>\n<\/ul>\n<p>GBP\/USD recovers its recent losses registered in the previous session, trading higher around 1.2650 during the Asian session on Friday. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\">The GBP\/USD pair<\/a> strengthened on weaker US Dollar (USD) amid downbeat US Treasury yields. Additionally, Bank of England (BoE) officials have been sending hawkish signals throughout the week, providing a boost to the Pound Sterling (GBP). There is an estimate that the BoE will maintain higher interest rates for an extended period, especially considering that inflation is currently more than twice the central bank&#8217;s target.<\/p>\n<p>Interest rate-setter Megan Greene from the Bank of England expressed concerns about persistently high inflation, indicating that interest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\">rates<\/a> might need to remain elevated for an extended duration. This perspective contrasts with some recent data suggesting a potential downturn in the economy.<\/p>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\">US Dollar Index<\/a> (DXY) encounters a challenge as the 2-year US Bond yield drops to 4.67%, by the press time, following recent gains. Despite the Greenback surging to 103.59 on Thursday, the DXY trades\u00a0lower at 103.30.<\/p>\n<p>Moreover, the US Core Personal Consumption Expenditures Price Index (PCE) displayed a year-on-year easing to 3.5% in October from the previous reading of 3.7%, meeting expectations. The month-on-month Core PCE Price Index saw a decrease to 0.2% from the prior 0.3%. Additionally, Initial Jobless Claims for the week ending November 24 totaled 218K, slightly below the expected 220K but higher than the revised previous figures of 211K (revised from 209K).<\/p>\n<p>Investors await Nationwide Housing Prices from the United Kingdom (UK) on Friday, along with the US ISM Manufacturing <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">PMI<\/a> for November. Moreover, the focus will be on US Federal Reserve (Fed) Chairman Jerome Powell\u2019s speech.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: GBP\/USD trims recent losses on subdued US Dollar. BoE\u2019s Megan Greene indicated that interest rates remain elevated to curb persistent high inflation. US Dollar retraces its recent gains on downbeat US Treasury yields. GBP\/USD recovers its recent losses registered in the previous session, trading higher around 1.2650 during the Asian session on Friday. The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":15556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,712,248,251,246,257,641,255,250,333,277,252,247,253,249,256,254],"class_list":["post-204154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-boe","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gbpusd","tag-gta","tag-looks-rare","tag-macroeconomics","tag-majors","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\/204154","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=204154"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/204154\/revisions"}],"predecessor-version":[{"id":204155,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/204154\/revisions\/204155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/15556"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=204154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=204154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=204154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}