GBP/USD steady near 1.35 as Powell hints at Fed cut
GBP/USDconsolidates during the North American session on Monday after last Friday’s dovish tilt by the Federal Reserve ChairJerome Powell, who said that risks to the labor markets are rising, an indication that monetary policy is cooling the jobs market. At the time of writing, the pair trades at 1.3499, down 0.15%. Read More…
Pound Sterling corrects against USD, outlook remains firm on Powell’s dovish remarks
The Pound Sterling (GBP) corrects to near 1.3480 against the US Dollar (USD) from its Friday’s high of 1.3544 during the European trading session on Monday. The GBP/USD pair gained sharply on Friday as comments from Federal Reserve (Fed) ChairJerome Powell, in his speech at theJackson HoleSymposium on Friday, signaled that he has turned dovish on the interest rateoutlook. Read More…
GBP/USD attracts some sellers below 1.3500 on renewed US Dollar demand
TheGBP/USD pairfaces some selling pressure around 1.3495 during the Asian session on Monday. The major pair edges lower amid the renewed US Dollar (USD) demand. However, dovish remarks from the Federal Reserve (Fed) ChairJerome Powellmight cap the GBP/USD’s downside.Later on Monday, the US New Home Sales and Chicago Fed National Activity Indexdata will be published. Read More…
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