The GBP/USD pair finds some support near the 1.3150 region on Thursday and for now, seems to have stalled its retracement slide from the 1.3300 neighborhood, or the highest level since March 2022 touched the previous day.

The GBP/USD exchange rate is bracing for volatility as the UK releases the August inflation report ahead of the Federal Reserve and Bank of England (BoE) interest rate decisions. It was trading at 1.3165 on Wednesday,

GBP/USDstrengthened on Thursday after the Bank of England kept rates on hold as widely expected and extended its bond reduction plan for another year. The Bank of England kept rates steady at 5%, as anticipated.

Recent trades have seen the British Pound rise to near $1.33, its strongest level since February 2022, benefiting from the general weakn

Fed’s 50bps rate cut weakens USD. Key support levels in GBP/USD and EUR/USD offer potential for bullish momentum. Read the full forecast.

GBP/USD climbed on Wednesday after the Fed cut rates by 50 basis points, citing greater confidence that inflation will continue to trend toward its 2% annual target. Half a percentage point rate cut decision

The Pound US Dollar (GBP/USD) was trapped in a narrow range on Tuesday as markets braced for the Federal Reserve’s imminent interest rate decision.

The GBP/USD price analysis indicates continued strength as the pound climbs to new highs due to a surge in bets for a 50-bps Fed rate cut.

GBP/USD has a fresh 30-month high in the bag after Fed rate cut. BoE rate call is in the barrel for Thursday, but no moves are expected. UK Retail Sales set to wrap up the week on Friday. GBP/USD hit a fresh 30-month high on Wednesday,