GBP/USD shoots a new annual maximum as the United Kingdom inflation shoots, BOE rates cuts in doubt
The sterling pound (GBP) rose to a new maximum so far this year (YTD) of 1,3468 against the US dollar (USD) on Wednesday, since the United Kingdom inflation (UK) increased, moving away from the objective of 2% of the Bank of England (BOE), which had led to reductions of interest rate at the beginning of the month. At the time of writing, the GBP/USD quotes at 1,3446, rising 0.40%. Read more…
The sterling pound reaches a maximum of three years against the US dollar for the hot data of the United Kingdom IPC
The sterling pound (GBP) quotes about a new maximum of three years around 1,3470 against the US dollar (USD) during negotiation hours in the north on Wednesday, previously recorded in the day. The GBP/USD pair advances after the publication of the consumer price index (CPI) of the United Kingdom (UK) for April, which were higher than expected. Read more…
GBP/USD price forecast: Up to the maximums since February 2022 about 1,3450
The GBP/USD pair extends its winning streak for third consecutive session, quoting around 1,3430 during Wednesday’s Asian hours. The technical analysis of the daily graphic suggests a persistent bullish bias, since the torque is maintained inside an ascending channel pattern. Read more…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
