GBPUSD waiting for Official Bank Rate

GBPUSD was up on Thursday after testing the low level of $1.2561 in the last trading session as the British pound fell to $1.26, testing its lowest in nearly one month and tracking the pressure in other G10 currencies as hawkish signals from the Federal Reserve triggered a sharp rise for the US dollar. The Fed lowered its funds rate by 25bps, as expected, but projected only two rate cuts next year to underscore growing inflation concerns by FOMC members.

Recent News

DOW JONES ANALYISIS

November 05, 2024

Market Insights

DAX sharp fall after FOMC

December 19, 2024

Market Insights

IMPORTANT DATA's FOR THIS WEEK

October 28, 2024

Market Insights

GOLD VIEW ON CPI

December 11, 2024

Market Insights

Gold Rises Amid China's Policy Shift and...

December 10, 2024

Live Charts

Kartik Sharma

ICT Analyst

Maddy

Cross-Asset Analyst & Trainer

Sandy Matthews

Trading Expert

Sam Thomas

Global Market Analyst

Bot Window | Bot Window