{"id":615115,"date":"2023-03-07T07:49:59","date_gmt":"2023-03-07T13:49:59","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/07\/pound-sterling-price-news-and-forecast-gbp-usd-pressured-by-late-us-dollar-comeback\/"},"modified":"2023-03-07T07:49:59","modified_gmt":"2023-03-07T13:49:59","slug":"pound-sterling-price-news-and-forecast-gbp-usd-pressured-by-late-us-dollar-comeback","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/07\/pound-sterling-price-news-and-forecast-gbp-usd-pressured-by-late-us-dollar-comeback\/","title":{"rendered":"Pound Sterling Price News and Forecast: GBP\/USD pressured by late US Dollar comeback"},"content":{"rendered":"<div id=\"fxs_article_body\">\n<h2>GBP\/USD pressured by late US Dollar comeback and central bank divergence themes<\/h2>\n<div>\n<p>GBP\/USD is down some 0.2% on the day as we head toward the Wall Street close with the price traveling between 1.1992 and 1.2048. Despite a soft\u00a0<a href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\">US Dollar<\/a>\u00a0at the start of the day\u00a0as investors awaited testimony by Federal Reserve Chair Jerome Powell and\u00a0<a href=\"https:\/\/www.fxstreet.com\/macroeconomics\/economic-indicator\/nfp\">Nonfarm Payrolls<\/a>, GBP stayed pressured as central bank divergences play out. <a href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-pressured-by-late-us-dollar-comeback-and-central-bank-divergence-themes-202303062020\" target=\"_blank\" rel=\"noopener\">Read More&#8230;<\/a><\/p>\n<h2>GBP\/USD turns negative, with bears eyeing 1.2000 below the 100-DMA<\/h2>\n<\/div>\n<p>GBP\/USD trims some of last Friday\u2019s gains despite an upbeat sentiment led by Wall Street, opening in the green. A light calendar in the United Kingdom (UK) would keep traders focused on the busiest docket in the United States (US). At the time of writing, the GBP\/USD is trading at 1.2019. <a href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-turns-negative-with-bears-eyeing-12000-below-the-100-dma-202303061535\" target=\"_blank\" rel=\"noopener\">Read More&#8230;<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638137136471073746.png\"><\/p>\n<p><h2>GBP\/USD expected to trade within 1.1925-1.2120 \u2013 UOB<\/h2>\n<\/p>\n<div>\n<p>According to UOB Group\u2019s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang,\u00a0<a href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\" target=\"_blank\" rel=\"noopener\">GBP\/USD<\/a>\u00a0is expected to trade between 1.1925 and 1.2120 in the short-term horizon. <a href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-expected-to-trade-within-11925-12120-uob-202303060623\" target=\"_blank\" rel=\"noopener\">Read More&#8230;<\/a><\/p>\n<\/div><\/div>\n<div>\n<p>Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. <\/p>\n<p>If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.<\/p>\n<p>FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.<\/p>\n<p>The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. <\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/www.fxstreet.com\/news\/pound-sterling-price-news-and-forecast-gbp-usd-pressured-by-late-us-dollar-comeback-202303062026\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Johnathon Stoval<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD pressured by late US Dollar comeback and central bank divergence themes GBP\/USD is down some 0.2% on the day as we head toward the Wall Street close with the price traveling between 1.1992 and 1.2048. Despite a soft\u00a0US Dollar\u00a0at the start of the day\u00a0as investors awaited testimony by Federal Reserve Chair Jerome Powell and\u00a0Nonfarm<\/p>\n","protected":false},"author":1,"featured_media":615116,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2794,32662],"tags":[],"class_list":{"0":"post-615115","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-pound","8":"category-sterling"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/615115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=615115"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/615115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/615116"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=615115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=615115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=615115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}