Pound Sterling Price News and Forecast: GBP/USD could test 1.2300 next [Video]

GBPUSD has been stagnant around the 1.2235 barrier for two days, hindered by the 20-day simple moving average (SMA) and the resistance line from July.

GBP/USD retains upswing but needs more backing Encouragingly, thetechnical indicators keep pointing upwards, with the RSI further distancing itself from its 30 oversold region and the MACD recovering above its red signal line. On the other hand, the stochastic oscillator is crawling into the overbought territory, signaling the bears might be around the corner. Read more... GBP/USD Forecast: Pound Sterling could test 1.

Pound Sterling refreshes two-week high as market sentiment improves The Pound Sterling stabilizes after recovering from a six-month low as market sentiment improves and Bank of England policymaker Katherine Mann calls for a more aggressive approach to bring down inflation to 2%. Last week, BoE Governor Andrew Bailey said he expected inflation to decline to or below 5% by year-end, but added that he doesn’t promise the achievement of price stability in a timely manner.

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