Pound Sterling gains as investors ignore mild acceleration in BoE dovish bets
The Pound Sterling (GBP) gains against its major peers on Friday, with investors looking for fresh cues about how the Bank of England (BoE) will follow the interest rate cut path in 2025. The latest BoE policy announcement in mid-December indicated a dovish buildup as the nine Monetary Policy Committee (MPC) voted 6-3 to keep interest rates on hold, a bigger split than the 8-1 economists had predicted. Read More…
GBP/USD Price Forecast: The bearish outlook remains in place below 1.2550
The GBP/USD pair posts modest gains to near 1.2520 during the early European session on Friday. Nonetheless, the upside of the major pair seems limited amid thin trading activity and the rising expectation that the US Federal Reserve (Fed) will deliver fewer rate cuts next year. Read More…
GBP/USD remains subdued near 1.2500 due to increased odds of fewer Fed rate cuts
GBP/USD remains subdued for the third successive day, trading around 1.2520 during the Asian hours on Friday. The downside can be attributed to thin trading activity following the Christmas holiday and a stronger US Dollar (USD), driven by growing expectations of fewer rate cuts by the US Federal Reserve (Fed). Read More…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
