GBP/USD rises as prospects of a Fed rate cut boost the pound
GBP/USD resumes its uptrend on Friday, paring some of Thursday’s losses by 0.21% as the US dollar recovers some ground. US inflation data kept the chances of the Federal Reserve cutting interest rates at its December meeting steady, weighing on the dollar. At the time of writing, the pair is trading at 1.3349, up 0.19%. Read more…
The British pound is outperforming the US dollar as the Federal Reserve looks set to cut interest rates next week
The British pound rose 0.1% to approach 1.3360 against the US dollar during the European trading session on Friday. The GBP/USD pair rose as the US dollar fell to a five-week low, with traders remaining confident that the Federal Reserve (Fed) will cut interest rates at next week’s monetary policy meeting. Read more…
GBP/USD Price Forecast: Constructive outlook prevails above 1.3300 area ahead of US PCE inflation data
The GBP/USD pair is trading flat near 1.3330 during Asian trading hours on Friday. Traders prefer to wait on the sidelines before the release of the headline US inflation report later on Friday. The delayed US Personal Consumption Expenditures (PCE) price index report for September could provide some hints about the path of the US interest rate. Read more…
