The post GBP soft UK GDP pressures sterling appeared on BitcoinEthereumNews.com. Pound Sterling trades stably ahead of UK data, BoE decision The Pound Sterling (The post GBP soft UK GDP pressures sterling appeared on BitcoinEthereumNews.com. Pound Sterling trades stably ahead of UK data, BoE decision The Pound Sterling (

GBP soft UK GDP pressures sterling

Pound Sterling trades stably ahead of UK data, BoE decision

The Pound Sterling (GBP) starts the Bank of England’s (BoE) monetary policy week on a cautious note against its major peers. However, the British currency braces for volatility and might face selling pressure this week amid a flurry of economic data releases and strong expectations that the Bank of England (BoE) is expected to cut interest rates by 25 basis points (bps) to 3.75%. Read more…

GBP: Soft UK GDP pressures Sterling – ING

Weak UK GDP data has weighed on the pound ahead of a pivotal week featuring jobs data, CPI and a likely Bank of England (BoE) rate cut. While markets still underprice easing and point to EUR/GBP upside next year, extremely bearish sterling positioning raises the risk of a sharp short squeeze on any positive surprise, ING’s FX analyst Chris Turner notes. Read more…

GBP/USD holds steady above mid-1.3300s as traders await key data and BoE this week

The GBP/USD pair remains on the defensive during the Asian session on Monday, though it lacks bearish conviction and holds above the 200-day Simple Moving Average (SMA) pivotal support. Spot prices currently trade around the 1.3360 region, nearly unchanged for the day. Read more…

Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-soft-uk-gdp-pressures-sterling-202512151357

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