Pound Sterling Price News and Forecast: GBP/USD October low of 1.2037 will be the key support level

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Pound Sterling Price News and Forecast: GBP/USD October low of 1.2037 will be the key support level
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GBP/USD fluctuated in a narrow channel in the Asian session before retreating

GBP/USD Forecast: Pound Sterling looks fragile ahead of Fed and BoE meetings to the 1.2100 area in the European morning. The near-term technical outlook suggests that the bearish bias stays intact. Over the weekend, the United Arab Emirates requested a UN Security Council emergency meeting to discuss the situation in the Gaza Strip, asking for an immediate ceasefire to ensure that civilians and civilian institutions are not targeted.Read more... GBP/USD: October low of 1.

GBP/USD: Trend momentum is weak, favouring more range trading – Scotiabank GBP/USD is still finding support on dips below 1.21. Economists at Scotiabank analyze the pair’s outlook. Trading may remain relatively quiet ahead of the BoE policy decision on Thursday. Markets expect policy to be left on hold but the GBP may see a minor bid if the voting shows a tight split among the nine policymakers.Read more... GBP/USD Overview Today last price 1.2143 Today Daily Change 0.

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