The GBP/USD pair edges higher toward 1.3000 during Asian trading on Wednesday.
GBP/USD may face challenges as the BoE is widely expected to deliver a 25 basis point rate cut in November. BoE Deputy Governor Sarah Breeden may participate in a panel discussion on financial regulation in Washington on Wednesday. Fed’s Daly stated that the economy is evidently in a stronger position, with a significant decline in inflation.
It is the fourth most traded unit for foreign exchange in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders , and EUR/GBP . The Pound Sterling is issued by the Bank of England .
Majors Macroeconomics Unitedkingdom BOE
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Rally Targets 1.41 as Dovish Fed, Hawkish BoE Add Bullish FuelForex Analysis by Investing.com (Damian Nowiszewski) covering: GBP/USD. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Read more »
GBP/USD softens to near 1.3050 on firmer US Dollar, dovish BoEThe GBP/USD pair trades with mild losses around 1.3060 during the early European session on Monday.
Read more »
GBP/USD ticks higher to 1.3025 area on softer USD, BoE rate-cut bets cap gainsThe GBP/USD pair attracts some follow-through buying during the Asian session on Friday and looks to build on the overnight bounce from the 1.2975-1.2970 region, or a two-month low.
Read more »
GBP/USD Forecast: Sellers ignore oversold conditions after BoE Governor Bailey remarksGBP/USD came under heavy bearish pressure and slumped toward 1.3100 in the European morning on Thursday, touching its weakest level in three weeks in the process.
Read more »
GBP/USD Price Forecast: Extends losses below 1.3100 on BoE’s dovish stanceThe Pound Sterling extends its losses against the Greenback in early trading during the North American session, down 0.26%.
Read more »
GBP/USD Price Forecast: Dives below 1.3000 and tests 100-DMAThe Pound Sterling extended its losses against the US Dollar for two straight days, with sellers clearing the 1.3000 figure decisively, which could pave the way for further downside.
Read more »