Odds of BOE rate cut in September recede Markets await UK growth data Sterling rose in European trade on Tuesday against a basket of major rivals, holding its ground above three-week lows against the US dollar following important UK labor data. The data confirms the resilience of the UK economy, and bolsters expectations the Bank of England will maintain interest...

The GBPUSD price provided clear negative trades yesterday to reach 1.2900$ barrier, reinforcing the expectations of continuing the correctional bearish trend, which targets 1.2866$ as a next station, noting that breaking this level will extend the bearish wave to reach 61.8% Fibonacci correction level around 1.2735$. Therefore, we will continue to suggest the bearish trend for the upcoming period, noting...

The GBPUSD price fluctuates around 1.2975$ level after the rise that it witnessed in the previous sessions, waiting to rebound bearishly to resume the correctional bearish trend, supported by the negative pressure formed by the EMA50, reminding you that the next target is located at 1.2866$. Holding below 1.3000$ is important to the continuation of the expected decline, as breaching...

Sterling climbed in European trade on Tuesday against a basket of major rivals, while recovering from two-month lows against the US dollar, thus hovering around the psychological barrier of $1.3. Now traders await Bank of England Governor Andrew Baileys speech later today, which could provide clues on the future of UK interest rate cuts this year. The Price The GBP/USD...