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GBP/USD Price Analysis: Creeps lower, remains below 1.2700 The Pound Sterling extended its losses versus the Greenback on Monday, losses of some 0.06% as traders remain risk averse due to European political uncertainty. That and a Bank of England’s (BoE) monetary policy decision looming would likely keep the major consolidated. The GBP/USD trades at 1.2675 after hitting a daily high of 1.2688. Read More… Pound Sterling looks fragile near 1.2660 ahead of UK inflation and BoE outcome The Pound Sterling (GBP) continues its losing streak for the third trading day against the US Dollar (USD) on Monday. The GBP/USD pair hovers near a monthly low at around 1.2670 as the Federal Reserve’s (Fed) hawkish outlook on interest rates keeps the US Dollar’s appeal firm. Read More… GBP/USD hangs near its lowest level since early May, seems vulnerable below 1.2700 The GBP/USD pair struggles to capitalize on Friday’s modest bounce from the vicinity of mid-1.2600s or a nearly one-month low and oscillates in a narrow band on the first trading day of a new week. Spot prices now seem to have found acceptance below the 1.2700 round-figure mark and could decline further amid a bullish sentiment surrounding the US Dollar (USD). Read More…   Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-creeps-lower-remains-below-12700-202406171513

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Filed under: News - @ June 17, 2024 6:22 pm