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GBP/USD erases last Friday’s losses and climbs above the 1.2750 figure though it remains trading subdued amidst the lack of catalyst involving the Sterling (GBP) and the US Dollar (USD). US Treasury bond yields rise, but the US Dollar (USD) is pressured ahead of the Jackson Hole Symposium. At the time of writing, the GBP/USD is trading at 1.2760, registering gains of 0.22%. Read More…
The Pound Sterling (GBP) fails to maintain recovery despite Bank of England (BoE) policymakers are expected to raise interest rates further in September’s monetary policy meeting. July’s economic indicators remained mixed: on the labor market, a hiring slowdown was offset by strong wage growth, whereas on the price front, softer headline Consumer Price Index (CPI) due to lower gasoline prices was neutralized by persistently high core inflation. Read More…
GBP/USD is still seen trading within the 1.2640-1.2830 range for the time being, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More…
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