Pound Sterling Price News and Forecast: GBP/USD bulls move in and eye UK CPI to confirm a hawkish bias at BoE

GBP/USD was last trading at 1.2426, up 0.41% on the day, and has traveled from a low of 1.2366 to a high of 1.2449 so far. The market has been dominated by a correction in the US Dollar that has enabled GBP/USD to move up despite an unexpected rise in the unemployment rate in the three months to February. Read More…

The EUR/GBP cross extends the previous day’s retracement slide from the 0.8865 region, or over a three-week high and remains under some selling pressure for the second successive day on Tuesday. The cross maintains its offered tone through the mid-European session and is currently placed just above the 0.8800 mark, down over 0.20% for the day. Read More…

The GBP/USD pair catches aggressive bids on Tuesday and stalls a two-day corrective decline from its highest level since June 2022, around the 1.2545 region touched last week. The pair sticks to its strong intraday gains, around the 1.2435-1.2440 area, through the first half of the European session and for now, seems to have snapped a two-day losing streak to a one-week low set on Monday. Read More…