Pound Sterling Price News and Forecast: Pound Sterling faces pressure

The Pound Sterling (GBP) drops as investors turn cautious ahead of a busy week. The GBP/USD pair falls gradually ahead of the interest rate decisions by the Bank of England (BoE) and the Federal Reserve (Fed), which are expected to leave rates unchanged for the fourth time in a row. Read More…

The GBP/USD pair remains confined in a narrow trading range above the 1.2700 mark during the early European trading hours on Tuesday. Investors prefer to wait on the sidelines ahead of key events from the Federal Reserve (Fed) and the Bank of England (BoE). At press time, GBP/USD is trading at 1.2708, down 0.02% on the day. Read More…

The GBP/USD pair remains well-supported above the 1.2700 mark during the early Asian session on Tuesday. Markets turn to a cautious mood ahead of the key two events from the Federal Open Market Committee (FOMC) and the Bank of England (BoE) on Wednesday and Thursday, respectively. GBP/USD currently trades around 1.2710, unchanged for the day. Read More…