GBP/USD climbs above 1.34 as Fed cut and soft US data weigh on Dollar
Sterling rallies during the North American session, up over 0.68% after theFederal Reservedelivered as expected a 25-basis points rate cut and a softer than expected jobs report, weighed on the Dollar. At the time of writing, the GBP/USD trades at 1.3417 after bouncing off daily lows of 1.3354. Read More…
Pound Sterling holds onto Fed-related gains against US Dollar
The Pound Sterling (GBP) trades close to a fresh seven-week high around 1.3400 against the US Dollar (USD) on Thursday. The GBP/USD pair trades firmly as the US Dollar struggles to gain ground following the Federal Reserve’s (Fed) rate cut on Wednesday. Read More…
GBP/USD softens as traders eye BoE rate cut next week
The GBP/USD pairtrades in negative territory near 1.3365 during the early European trading hours on Thursday, pressured by the rebound in the US Dollar (USD). Nonetheless, the potential downside might be limited after the USFederal Reserve(Fed) delivered a rate cut at its December policy meeting. Traders brace for the US weekly InitialJobless Claims report, which will be published later on Thursday. Read More…
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