February 15, 2023

Pound Sterling Price News and Forecast: GBP/USD bullish bias underpinned by hopes of government-labor deal

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When is the UK inflation data and how could it affect GBP/USD?

GBP/USD holds lower grounds near 1.2150 heading into Wednesday’s London open. The Cable pair’s latest weakness could be linked to the broad US Dollar rebound amid hawkish Federal Reserve (Fed) talks despite the unimpressive increase in the US inflation data.

In doing so, the Cable pair snaps a two-day winning streak while easing from a one-week high. It should, however, be noted that the hopes of overcoming the UK’s labor crisis and the recent hawkish comments from the Bank of England (BoE) Officials seem to put a floor under the GBP/USD prices. Read more…

GBP/USD grinds en route 1.2200 ahead of UK inflation, US Retail Sales

GBP/USD portrays the pre-data anxiety by treading water around 1.2180 during early Wednesday.

The Cable pair rose to the two-week high the previous day before reversing from 1.2270 as the US inflation propelled market moves. Even so, upbeat UK employment data joined hopes of overcoming the British workers’ strikes seemed to have put a floor under the GBP/USD prices. Read more…

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