The post GBP/USD climbs towards 1.2800 as technicals suggest a pullback appeared on BitcoinEthereumNews.com.

GBP/USD Price Analysis: Climbs towards 1.2800 as technicals suggest a pullback The Pound Sterling climbed 0.30% against the Greenback on Monday amid thin liquidity conditions in observance of UK and US holidays. At the time of writing, the GBP/USD trades at 1.2772 after hitting a daily low of 1.2728. Read More… Pound Sterling posts fresh two-month high amid soft US Dollar The Pound Sterling (GBP) rises to near 1.2750 against the US Dollar (USD) in Monday’s New York trading session. The GBP/USD pair remains firm as bets supporting the Bank of England (BoE) reducing interest rates from the June meeting have diminished due to a slower-than-expected decline in the United Kingdom’s (UK) consumer inflation for April. Read More… GBP/USD rises to near 1.2750 despite diminishing expectations for Fed rate cuts GBP/USD advances for the second successive session, trading around 1.2740, near two-month highs, during the Asian hours on Monday. The appreciation in the GBP/USD could be attributed to the risk-on sentiment, despite diminishing expectations for Federal Reserve interest rate cuts. It is worth noting that the UK market will be closed due to the Spring Bank Holiday and the US market will be closed due to the Memorial Day bank holiday on Monday. Read More…   Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-climbs-towards-12800-as-technicals-suggest-a-pullback-202405271529

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Filed under: News - @ May 27, 2024 5:18 pm