GBP/USD has shown signs of a classic pre-Nonfarm Payroills clear out as the pair sweeps liquidity on both sides of the bulk of this week's range. GBP/USD rallied in Asia from the lows and reached as high as 1.2781 before collapsing to the day's lows in late US morning trade of 1.2673, taking out Tuesday's inside day's lows. Read More…
The Pound Sterling (GBP) has dropped half of its gains made after the headlines that Bank of England (BoE) Governor Andrew Bailey has urged industry regulators not to overcharge customers. The GBP/USD pair has printed a fresh two-week high at 1.2775 as BoE Bailey believes that moves by regulators would help in slowing down inflationary pressures. Andrew Bailey is confident that stubborn inflation will come down but borrowers would face severe consequences and the timing of the rate cut is uncertain. Read More…
Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, GBP/USD is still expected to navigate the 1.2630-1.2800 range in the next few weeks. Read More…
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