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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 · Will the recovery in the GBP/USD pair extend into 2023? Will the US Dollar re-accumulate safe-haven demand? Where is the Cable price headed next year? These questions are flooding my mind as...
- Dhwani Mehta
- Fxstreet
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Mar 4, 2024 · Looking ahead, GBP/USD buyers stay hopeful whilst above the 200-day SMA at 1.2576. The Pound Sterling (GBP) returned to red against the US Dollar (USD), reversing the previous week’s...
- Dhwani Mehta
- Fxstreet
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.
Sep 28, 2023 · September 28, 2023 1:32 PM. Share this: British Pound Outlook: GBP/USD. GBP/USD continues to bounce back from a fresh monthly low (1.2111) to halt a six-day decline, and a move above 30 in the Relative Strength Index (RSI) may accompany a near-term rebound in the exchange rate like the price action from last year.
Apr 29, 2024 · FXStreet. GBP/USD Weekly Forecast: Pound Sterling buyers turn cautious as the Fed verdict looms. Premium ANALYSIS | 04/29/2024 03:03:00 GMT. The Pound Sterling rebounded from five-month...
Feb 21, 2023 · Dollar's Rebound Set to Run Through H1 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....
