British Pound holds firm as USD rebounds from intervention rout
The Pound Sterling retreats some 0.02% on Friday as the Greenback stages a recovery following Thursday’s intervention day, which weakened the US Dollar Index (DXY) to a 30-day low. At the time of writing, theGBP/USDtrades at 1.3458, virtually unchanged. Read More…
British Pound underperforms as traders reconsider BoE interest rate hike bets
TheBritish Pound(GBP) is down against its major currency peers, trading marginally lower at around 1.3444 against the US Dollar (USD) during the European trading session on Friday. The British currency faces selling pressure as financial markets reconsider Bank of England (BoE) interest rate expectations for the September policy meeting after the monetary policy announcement on Thursday. Read More…
British Pound falls as US Dollar receives from internal FOMC policy split
GBP/USD loses ground after three days of gains, trading around 1.3450 during the Asian hours on Friday. The pair depreciates as the US Dollar (USD) gains support from a hawkish pause by the Federal Reserve (Fed) and an internal FOMC policy split. Read More…
About The Author
