Pound Sterling Price News and Prediction: GBP/USD rises towards 1.2700, bulls target year-to-date high

Google News GBP/USD Price Analysis: Bulls target year-to-date high, rebounding towards 1.2700

The British pound rose 0.21% against the US dollar, but rising US bond yields failed to support the US dollar. At the time of writing,GBP/USDThe pair is trading at 1.2703 after rebounding from the day’s low of 1.2644. read more…

Google News Although the US dollar stabilizes, the British pound remains elevated around 1.2700

The British pound (GBP) turned flat in US trading on Friday after hitting a new monthly high of 1.2700 on Thursday. GBP/USD is struggling to gain upside as investors turn their attention to April UK Consumer Price Index (CPI) data to be released on Wednesday. read more…

Google News GBP/USD rises slightly above 1.2650, focus on Fedspeak

ofGBP/USDEarly in Friday’s Asian session, the pair recorded a modest rally around 1.2670. Meanwhile, the USD index (DXY) regained some lost ground after rebounding from multi-week lows near 104.00 in the previous session. The US Federal Reserve remains cautious regarding inflation and the possibility of lower interest rates this year. Investors will likely get further cues from Kashkari, Waller and Daly’s Fed speeches later in the day. read more…

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