Home Forex GBP/USD holds firm on US jobs data amid risk-on sentiment

GBP/USD holds firm on US jobs data amid risk-on sentiment

by SuperiorInvest


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The pound sterling (GBP) remained firm against the exchange rate American dollar (USD) on Thursday, thanks to a tepid inflation report on Wednesday that caught traders by surprise, reducing bets that the Bank of England (BoE) will ease policy as they had originally expected. The GBP/USD is trading at 1.2684, up 0.09%. Read more…
The pound sterling (GBP) is hovering between risk-on market sentiment and stubbornly high UK consumer sentiment Price index data (CPI) for December. High UK inflation data dampened expectations of an early rate cut by the Bank of England (BoE). The GBP/USD pair is expected to see more gains as investors hope the Federal Reserve (Fed) will start cutting interest rates rates before the BoE. Read more…

The GBP/USD the pair is gaining ground below the 1.2700 mark on Thursday at the start of the European session. The major pair is trading in positive territory for the second day in a row as traders hedged their bets on an early interest rate cut by the Bank of England (BoE). GBP/USD is currently trading near 1.2682, down 0.01% on the day. Read more…

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