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The GBP-USD exchange rate closed out 2023 by hitting 1.2825 on 28 December – its highest level since 1 August – before settling in the 1.27 range. Increased bets that the Fed will slash interest rates in 2024 amid moderating inflation and a surprise drop in UK inflation combined to send the pair higher.
Dec 19, 2022 · The monthly chart indicates a rocky road ahead for GBP/USD in 2023. Will the recovery in the GBP/USD pair extend into 2023? Will the US Dollar re-accumulate safe-haven demand?
- Dhwani Mehta
- Fxstreet
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Nov 3, 2023 · FXStreet. GBP/USD Forecast: Pound Sterling could extend rebound once 1.2200 is confirmed as support. Premium ANALYSIS | 11/03/2023 09:14:16 GMT. GBP/USD started to move sideways...
- Eren Sengezer
- Fxstreet
Feb 21, 2023 · Modified: Tuesday, 21 February 2023 11:33 GMT. Written by: Gary Howes. GBP/USD retreating from 1.24 peak. U.S. data strengthens unexpectedly. Investors now see 3 more Fed hikes. And odds of...
Dec 29, 2022 · Banks expecting renewed dollar strength expect on-going GBP/USD vulnerability. - The UK economy is likely to be in recession during 2023. The main risk is for a prolonged and shallow downturn ...
The GBP/USD pair is moving within the framework of a downtrend rebound, which is testing the first major resistance level falling in the price area of 1.2340 further confirmed by the downward...
Feb 19, 2024 · Pound Sterling hit fresh weekly low on sustained US Dollar demand. GBP/USD traders look to S&P Global US and UK PMI data in the week ahead. Looking ahead, GBP/USD seems poised for a...
