On Friday, the British Pound (GBP) edged higher against most of its key counterparts, as market participants awaited new signals concerning the Bank of England’s (BoE) anticipated moves, particularly regarding a potential interest rate cut in 2025. In the BoE’s latest policy meeting held in mid-December, there was a notable dovish inclination. The Monetary Policy Committee (MPC) had a 6-3 vote in favor of maintaining the current interest rates, revealing a wider division than the anticipated 8-1 vote split. Learn More…
In the early European trading hours on Friday, the GBP/USD pair posted slight gains approaching 1.2520. However, the potential for further upward movement appears constrained. This is due in part to the thin trading volumes and the increasing belief that the US Federal Reserve (Fed) might not slash interest rates as aggressively as was previously expected next year. Discover More…
The GBP/USD pair has remained relatively flat for the third straight day, settling around 1.2520 during Friday’s Asian trading session. This downslide is largely influenced by subdued trading conditions post-Christmas and the strengthening of the US Dollar (USD), which is buoyed by the growing sentiment that the Fed might implement fewer rate cuts than initially projected. Explore More…
