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GBP/USD eyes 1.2200 mark ahead of BoE meeting

November 2, 2023| Forex Market


The GBP/USD pair is seen building on the previous day’s bounce from sub-1.2100s and gaining some follow-through positive traction during the Asian session on Thursday. The momentum lifts spot prices to the top end of the weekly range, closer to the 1.2200 round figure, and is sponsored by a modest US Dollar (USD) weakness. Read More…
The GBP/USD oscillates at around 1.2108 after the US Federal Reserve (Fed) decided to keep rates unchanged at the 5.25% – 5.50% range and said it is prepared to adjust its policy stance “as appropriate.” Read More…
The Pound Sterling (GBP) delivers a vertical recovery as the weak US economic data has improved the risk appetite of the market participants. Investors still await a major action ahead of monetary policy decisions from both the US Federal Reserve (Fed) and the Bank of England (BoE). The GBP/USD pair remains on tenterhooks as investors expect that the BoE will keep interest rates unchanged. Read More…


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