GBP/USD Price Forecast: Rises above 1.3000 after UK’s budget release
The Pound Sterling erased some of its earlier losses, climbing above its opening price against the US Dollar, after the UK Chancellor Rachel Reeves revealed its autumn budget. The GBP/USD trades above 1.3000, virtually unchanged. Read More…
Pound Sterling recovers after UK Autumn Forecast Statement
The Pound Sterling (GBP) bounces back against its major peers on Wednesday after the announcement of the United Kingdom’s (UK) Autumn Forecast Statement. Higher taxes and big spending plans in the Labour’s first budget presentation in over 15 years have prompted a recovery in the British currency. Read More…
GBP/USD Price Forecast: Remains capped below the 100-period EMA, UK Autumn Budget in focus
The GBP/USD pair trades in negative territory around 1.3005 on Wednesday during the early European trading hours. Investors will closely monitor the UK Autumn Budget 2024. The UK government is set to deliver Labour’s first budget in almost 15 years on Wednesday. Commerzbank analysts said that if the budget combines austerity with the hope of tackling long-term investment, “this should be positive for the pound as it would strengthen the U.K.’s long-term growth potential.” Read More…
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