GBP/USD is consolidated above the middle of 1,2900; It remains close to the peak of several months established on Thursday
The GBP/USD torque lacks an intra -firm direction on Friday and oscillates in a narrow negotiation range, around the 1,2960 area during the Asian session. However, cash prices remain close to the highest level since the beginning of November, levels above the psychological brand of 1.3000 touched on Thursday, and remain at the mercy of the pricing dynamics of the US dollar (USD).
The Federal Reserve (FED) maintained its prognosis of two 25 -point rate cuts in 2025 at the end of the March monetary policy meeting on Wednesday and raised its inflation projection. In addition, the uncertainty around the commercial tariffs of US President Donald Trump and the growing geopolitical tensions support the dollar shelter and turn out to be a key factor that acts as a wind against for the GBP/USD pair. Read more…
GBP/USD falls while the BOE maintains rates and suggests uncertainty about future cuts
The sterling pound (GBP) depreciated against the US dollar (USD) after the Bank of England (BOE) decided to keep the rates unchanged and warned about trimming of interest rates due to “much economic uncertainty at this time,” said the governor of the BOE, Andrew Bailey. At the time of writing, the GBP/USD is quoted at 1,2964, a 0.29%drop.
The operators are still digesting the decision of the BOE, which was not unanimous, with the member of the Monetary Policy Committee (MPC) Swati Dhingra being the dissident, voting in favor of a rate cut of 25 basic points (BPS). 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.
