GBP/USD Forecast: Pound Sterling eyes 1.2800 as bullish momentum persists
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#15296a3b ver:0.63

The GBP/USD exchange rate is trading with a positive bias around 1.2730 as the US Dollar weakens. Market expectations of a Bank of England rate cut in June have reduced due to slower UK inflation. However, the US Core PCE data and Fed's inflation outlook could strengthen the US Dollar. GBP/USD price analysis shows bears in the lead as the dollar strengthens ahead of crucial US inflation data. The decline came after the price found resistance at the 1.2800 level. The Pound Sterling tested 1.2800 against the US Dollar this week but sellers jumped back in. Another week dominated by US economic data awaits the Pound Sterling markets. GBP/USD continues to range within a rising wedge formation, with potential for more upside. #GBPUSD #forex #inflation #BOE #USD...

#newstr #Gbp/usd #PoundSterling #UsDollar #Inflation #BankOfEngland #UsNonfarmPayrolls 

 https://here.news/story/15296a3b?ver=0.63