The Pound Sterling (GBP) recovers intraday losses in the aftermath of the Federal Reserve’s (Fed) policy announcement, rising above 1.3200 against the US Dollar (USD) in Thursday’s London session.
The Pound Sterling surges to near 1.3250 against the US Dollar following the Fed ’s large rate cut and expectations of further policy easing. Investors focus on the BoE policy meeting, with markets expecting the UK central bank to leave interest rates unchanged at 5%. UK’s stubborn services inflation in August strengthened the case for the BoE keeping interest rates steady. The Pound Sterling recovers intraday losses in the aftermath of the Fed eral Reserve’s policy announcement, rising above 1.
” In Thursday’s US session, investors will focus on the Initial Jobless Claims data for the week ending September 13. Individuals claiming jobless benefits for the first time are expected to have remained steady at 230K. Technical Analysis: Pound Sterling aims to recapture 1.3300 The Pound Sterling approaches 1.3300 against the US Dollar in European trading hours. The near-term outlook of the GBP/USD pair remains firm as it holds above the 20-day Exponential Moving Average near 1.3100.
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