Pound Sterling Price News and Forecast: GBP/USD pauses rally as traders eye Fed, BoE’s decisions

GBP: We are not as moderate as some in the BOE - Ing - World Stock Market

The meeting of the Bank of England today should be a determining factor in the market, says Chris Turner, FX Analyst of ING. The GBP/USD can be distorted by the feeling of global risk today “While a rate of 25 basic points up to 4.25%is widely expected, which is probably the most important area today is what the BOE does with this phrase: ‘Based on the evolutionary vision of the Committee on the medium -term inflation perspectives, a gradual and…

Pound Sterling Remain Solid, Awaits for BoE’s Rate Decision.

Key Takeaways: *British Pound Sterling remains strong against the G7 pairs, eyes on the BoE’s rate decision today.  *PMI came below the 50 mark, hindering the Pound Sterling’s strength.  Pound Struggles Near Highs as Dovish BoE Expectations Weigh on Sentiment The British pound has lost upward momentum after a recent bullish run, as dovish expectations ahead of the Bank of England’s May policy decision have capped further gains. Sterling is now c…

Pound Sterling Price News and Forecast: GBP/USD pauses rally as traders eye Fed, BoE’s decisions

The Pound Sterling (GBP) retreated after posting back-to-back days of gains versus the US Dollar (USD).

Pound-to-Dollar Rate Rangebound Between 1.33-1.34 Ahead of Fed

The Pound to US Dollar exchange rate (GBP/USD) traded in a narrow range on Wednesday, as markets braced for the Federal Reserve’s latest interest rate decision....