{"id":813977,"date":"2024-12-23T00:13:35","date_gmt":"2024-12-23T06:13:35","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/23\/pound-sterling-price-news-and-forecast-gbp-usd-rebounds-towards-1-2540\/"},"modified":"2024-12-23T00:13:35","modified_gmt":"2024-12-23T06:13:35","slug":"pound-sterling-price-news-and-forecast-gbp-usd-rebounds-towards-1-2540","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/23\/pound-sterling-price-news-and-forecast-gbp-usd-rebounds-towards-1-2540\/","title":{"rendered":"Pound Sterling Price News and Forecast: GBP\/USD rebounds towards 1.2540"},"content":{"rendered":"
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GBP\/USD rebounds towards 1.2540 following US inflation data and BoE decision<\/h2>\n
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The GBP\/USD pair rebounded towards 1.2540 after the release of US inflation data and the Bank of England’s (BoE) monetary policy decision on Thursday. While the pair benefited from softer-than-expected US Personal\u00a0Consumption Expenditure<\/a>\u00a0(PCE) data, the BoE\u2019s cautious stance on rate cuts and weaker UK Retail Sales data kept gains in check. Read More…<\/a><\/p>\n

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Pound Sterling recovers against US Dollar as PCE inflation data comes below expectations<\/h2>\n<\/div>\n
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The Pound\u00a0Sterling<\/a>\u00a0(GBP) recovers sharply in North American trading hours\u00a0after posting\u00a0a fresh seven-month low near 1.2470 against the US Dollar (USD) on Friday. The GBP\/USD pair bounces back\u00a0as the US Dollar declines after the release of the\u00a0United States (US) Personal\u00a0Consumption Expenditure<\/a>\u00a0Price Index (PCE) report for November, which showed that price pressures rose moderately. Read More…<\/a><\/p>\n

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GBP\/USD Price Forecast: Tests seven-month lows below 1.2500<\/h2>\n<\/div>\n
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GBP\/USD<\/a>\u00a0continues to lose ground for the third consecutive day, trading around 1.2490 during the Asian hours on Friday. The daily\u00a0chart<\/a>\u00a0analysis suggests an ongoing bearish bias as the pair is confined within the descending channel pattern. Read More…<\/a><\/p>\n

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Read More<\/a>
\n Buffy Haslett<\/p>\n","protected":false},"excerpt":{"rendered":"

GBP\/USD rebounds towards 1.2540 following US inflation data and BoE decision The GBP\/USD pair rebounded towards 1.2540 after the release of US inflation data and the Bank of England’s (BoE) monetary policy decision on Thursday. While the pair benefited from softer-than-expected US Personal\u00a0Consumption Expenditure\u00a0(PCE) data, the BoE\u2019s cautious stance on rate cuts and weaker UK<\/p>\n","protected":false},"author":1,"featured_media":813978,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2794,32662],"tags":[],"class_list":["post-813977","post","type-post","status-publish","format-standard","has-post-thumbnail","category-pound","category-sterling"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/813977","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=813977"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/813977\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/813978"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=813977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=813977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=813977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}