Pound Sterling Price News and Forecast: GBP/USD remains close to a one-month low touched last week

GBP/USD Weekly Forecast: Pound Sterling struggles as low inflation propels BoE rate cut bets

The Pound Sterling (GBP) fell for the third consecutive week against the US Dollar (USD), as the GBP/USD pair tested levels below the 1.3000 round level for the first time since mid-August before staging a late recovery.

Markets turned more dovish on the Bank of England’s (BoE) monetary policy outlook while sealing in a smaller interest-rate cut by the US Federal Reserve (Fed), thus strengthening the US Dollar’s advance at the expense of the Pound Sterling. Read more…