GBP/USD climbs as Fed-BoE policy divergence favors Sterling

The Pound Sterling (GBP) advances during the North American session on Monday as traders are set to digest monetary policy meetings by major central banks across the Atlantic. Expectations for the first rate cut by the Federal Reserve (Fed) in nine months, and the Bank of England (BoE) keeping rates unchanged, would likely underpin the British currency. Read More…

Pound Sterling gains against US Dollar ahead of Fed-BoE policy outcome

The Pound Sterling (GBP) advances against the US Dollar (USD) at the start of the week during the European trading session. The GBP/USD pair jumps to near 1.3600as the US Dollar faces selling pressure, with investors awaiting monetary policy announcements by the Federal Reserve (Fed) and the Bank of England (BoE) on Wednesday and Thursday, respectively. Read More…

GBP/USD holds positive ground above 1.3550 as potential Fed rate cut looms

The GBP/USD pair posts modest gains near 1.3555 during the early Asian session on Monday. Traders expect the US Federal Reserve (Fed) to deliver its first rate cut of the year at its policy meeting on Wednesday, which might weigh on the US Dollar (USD). Later on Monday, the New York Empire State Manufacturing Index for September will be released. Read More…