Pound Sterling rises from 1.3200 with US PCE inflation on horizon

GBPUSD News

Pound Sterling rises from 1.3200 with US PCE inflation on horizon
BOEFedInflation
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 19 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 72%

The Pound Sterling (GBP) rebounds from the key support of 1.3200 against the US Dollar (USD) in Thursday’s European session.

The Pound Sterling moves higher back above 1.3200 against the US Dollar following Wednesday’s pullback. Traders focus on US core PCE inflation data for July, which can influence market speculation about the Fed ’s rate cut size. Investors see the BoE delivering one more interest rate cut this year. The Pound Sterling rebounds from the key support of 1.3200 against the US Dollar in Thursday’s European session.

12% 0.15% -0.17% -0.39% 0.25% AUD 0.19% 0.45% 0.30% 0.34% 0.17% -0.19% 0.44% NZD 0.39% 0.66% 0.51% 0.58% 0.39% 0.19% 0.63% CHF -0.25% 0.06% -0.09% -0.08% -0.25% -0.44% -0.63% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

BOE Fed Inflation SEO

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.

Pound Sterling hovers near 1.3200 with US core PCE inflation in focusPound Sterling hovers near 1.3200 with US core PCE inflation in focusThe Pound Sterling (GBP) clings to gains near the round-level figure of 1.3200 against the US Dollar (USD) in Tuesday’s London session.
Read more »

Pound Sterling corrects mildly as US core PCE inflation hogs limelightPound Sterling corrects mildly as US core PCE inflation hogs limelightThe Pound Sterling (GBP) declines from a more-than-two-year high of 1.3266 against the US Dollar (USD) in Wednesday’s London session.
Read more »

EUR/GBP rises to 13-week peaks on rebalancing Pound Sterling flowsEUR/GBP rises to 13-week peaks on rebalancing Pound Sterling flowsEUR/GBP is in a race to the bottom, with the Pound Sterling winning handily as the pair gets bolstered back into 13-week highs despite a misprint in European Retail Sales figures.
Read more »

Pound Sterling rises ahead of Powell, Bailey’s speeches at Jackson HolePound Sterling rises ahead of Powell, Bailey’s speeches at Jackson HoleThe Pound Sterling (GBP) extends its winning streak for a seventh trading session against the US Dollar (USD) on Friday.
Read more »

Pound Sterling extends gains ahead of August PMI dataPound Sterling extends gains ahead of August PMI dataThe Pound Sterling (GBP) clings to gains near the round-level resistance of 1.3100 in Thursday’s London session.
Read more »

GBP/JPY higher as Pound Sterling outperforms on run of positive dataGBP/JPY higher as Pound Sterling outperforms on run of positive dataGBP/JPY is exchanging hands in the 191.60s on Friday, marginally up on the day – its third day of gains in a row so far.
Read more »



Render Time: 2025-02-22 21:58:49