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Pound Sterling Price News and Forecast: GBP/USD under selling pressure

October 18, 2023| Forex Market


The Pound Sterling (GBP) trimmed some of its earlier losses versus the US Dollar (USD) but remained on the defensive, registering modest losses of 0.%, as the GBP/USD exchanges hands at 1.2166 after hitting a daily high of 1.2211. Read More…


The Pound Sterling (GBP) faced selling pressure near 1.2200 after a recovery attempt prompted by the United Kingdom inflation data. The Office for National Statistics (ONS) reported that inflation in September remained marginally higher than expectations. The GBP/USD pair could come out of the woods as the stalled inflation report would elevate risks of further policy-tightening by the Bank of England (BoE) in the November monetary policy meeting. Read More..


GBP/USD extends losses on the second successive day, trading lower around 1.2160 during the Asian session on Wednesday. The upbeat economic data from the United States (US) exerts pressure on the pair. Read More…


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