<\/p>\n
The Pound Sterling<\/a> (GBP) rebounded firmly against the US Dollar (USD) this week, propelling GBP\/USD to a new three-month top, but sellers once again lurked above the 1.2800 mark.<\/p>\n Following a bullish start to the week, GBP\/USD turned south in the second half of the week after failing to recapture the 1.2800 level. Read more…<\/a><\/p>\n <\/a><\/p>\n The GBP\/USD pair struggles to capitalize on Friday’s modest bounce from the vicinity of mid-1.2600s or a nearly one-month low and oscillates in a narrow band on the first trading day of a new week. Spot prices now seem to have found acceptance below the 1.2700 round-figure mark and could decline further amid a bullish sentiment surrounding the US Dollar (USD).\u00a0<\/p>\n In fact, the USD Index (DXY), which tracks the Greenback against a basket of currencies, stands tall near its highest level since early May touched on Friday in the wake of the Federal Reserve’s (Fed) hawkish surprise last week. In the so-called “dot plot”, policymakers projected only one interest rate cut in 2024 as compared to three in March. This remains supportive of elevated US Treasury bond yields and acts as a tailwind for the buck, validating the negative outlook for the GBP\/USD pair. Read more…<\/a><\/p>\n \u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" GBP\/USD Weekly Forecast: Pound Sterling braces for volatility as UK CPI, BoE meeting loom The Pound Sterling (GBP) rebounded firmly against the US Dollar (USD) this week, propelling GBP\/USD to a new three-month top, but sellers once again lurked above the 1.2800 mark. Following a bullish start to the week, GBP\/USD turned south in the […]<\/p>\n","protected":false},"author":2,"featured_media":7348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,641,255,250,252,247,253,249,308,256,254],"class_list":["post-324856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gbpusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/324856","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=324856"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/324856\/revisions"}],"predecessor-version":[{"id":324860,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/324856\/revisions\/324860"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7348"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=324856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=324856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=324856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}GBP\/USD hangs near its lowest level since early May, seems vulnerable below 1.2700<\/h2>\n