Home Forex GBP/USD is trading in a tight range

GBP/USD is trading in a tight range

by SuperiorInvest


Sterling edges higher as economists remain bullish on UK economic outlook

The Pound sterling (GBP) jumped higher than the UK session in Friday's early US session economic outlook strengthens. The GBP/USD pair is moving towards Thursday's high as market sentiment improves.

Meanwhile, investors await new guidance Bank of England (BoE) interest rates. While uncertainty over the timing of BoE rate cuts remains, investors are hopeful the central bank could cut interest rates early in the second half of this year. Chances of a rate cut at the June policy meeting are below 50%, while a dovish decision for August seems inevitable. Read more…

The outlook brightened for the pound sterling – MUFG

GBP/USD advanced above 1.2700 for the first time in three weeks on Thursday. Economists at MUFG Bank analyze the outlook for the pound sterling (GBP). Read more…

Source Link

Related Posts