The British pound rises against the US dollar, and expectations of an interest rate cut by the Federal Reserve
The British pound rose by 0.16%, approaching the level of 1.3320 against the US dollar. During the European trading session on Wednesday. GBP/USD rises as the US dollar falls slightly amid caution ahead of the Federal Reserve’s monetary policy announcement at 19:00 GMT. Read more…
GBP holds a narrow range with a moderate downward bias – Scotiabank
The British pound is drifting from last week’s highs towards the 1.33 support level, With local risks limited until the release of data on Friday, Report by Scotiabank’s chief FX strategists, Sean Osborne and Eric Theoret. Read more…
GBP/USD: Likely to test 1.3265 before recovery expected – UOB Group
There is room for the British pound to test the 1.3265 level before a recovery is expected. In the long term, A break below 1.3265 indicates that the pound’s advance since late last month has come to an end.note FX analysts at UOB Group, Quek Sir Liang and Peter Chia. Read more…
