GBP/USD Forecast: Pound a long way from a rebound on BOE's recession warning

Singapore News News

GBP/USD Forecast: Pound a long way from a rebound on BOE's recession warning
Singapore Latest News,Singapore Headlines
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

$GBPUSD Forecast: Pound a long way from a rebound on BOE's recession warning by eren_fxstreet forex trading

to stage a steady rebound in the near term after the Bank of England's dire recession warning on Thursday.

In case safe-haven flows start dominating the markets in the second half of the day, the pair could test 1.2300 and extend its slide toward 1.2275 and 1.2250 . 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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EUR/GBP rebounds sharply from 0.8510 as pound bulls weaken broadly on recession fearsEUR/GBP rebounds sharply from 0.8510 as pound bulls weaken broadly on recession fearsThe EUR/GBP pair has recovered half of its intraday losses as investors have started dumping sterling on bolstering fears of a recession in the world’
Read more »

GBP/USD: Continued grind toward the 1.20 level looks likely – MUFGGBP/USD: Continued grind toward the 1.20 level looks likely – MUFGGBP/USD plunged to its lowest level since July 2020 after Bank of England’s (BoE) gloomy economic outlook. Economists at MUFG Bank believe that cable
Read more »

US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPYUS Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPYFollowing the historic Fed rate hike, stocks launched higher with the S&P 500 putting in its strongest rally in two years on the back of the move. The US Dollar dropped down for a test at a fresh swing-low.
Read more »

GBP/USD Forex Signal: Wait \u0026 See Approach Ahead of FOMC, BOEGBP/USD Forex Signal: Wait \u0026 See Approach Ahead of FOMC, BOEThe GBP/USD pair declined slightly as investors refocused on the important central bank decisions scheduled for today and Thursday.
Read more »

GBP/USD oversteps 1.2630 as Fed’s policy announcement cheers market mood, BOE eyedGBP/USD oversteps 1.2630 as Fed’s policy announcement cheers market mood, BOE eyedThe GBP/USD pair is scaling sharply higher as the announcement of the interest rate decision by the Federal Reserve (Fed) has infused fresh blood into
Read more »

GBP/USD: BoE guidance towards a lower path could trigger a further slide – WestpacGBP/USD: BoE guidance towards a lower path could trigger a further slide – WestpacGBP/USD gained more than 100 pips on Wednesday but lost its traction ahead of the Bank of England (BoE) announcements on Thursday. Furthermore, politi
Read more »



Render Time: 2025-04-08 06:50:35