British Pound edges higher as Bailey calms recession fears
The Pound Sterling (GBP) registers modest gains of over 0.08% on Tuesday as Bank of England (BoE) policymakers testify before the UK Treasury Select Committee, while a light economic docket in the US keeps the Greenback with a negative tone. The GBP/USD pair trades at 1.3548 after bouncing off the daily low of 1.3521. Read More…
GBP/USD Price Forecast: Consolidates below mid-1.3500s; bullish potential seems intact
The GBP/USD pair struggles to capitalize on the previous day’s modest gains and oscillates in a range below mid-1.3500s during the Asian session on Tuesday. The downside, however, remains cushioned as the US Dollar (USD) selling remains unabated on the back of a broadly firmer Japanese Yen (JPY). Read More…
British Pound drifts higher to near 1.3550 on UK fiscal discipline pledges
The GBP/USD pair gains ground to near 1.3545 during the Asian trading hours on Tuesday. TheBritish Pound(GBP) edges higher against the US Dollar (USD) after UK Chancellor John Healey unveiled a series of measures designed to encourage economic growth and draw more private investment into the UK. Read More…
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