
UK Power Gap Knocks GBP/USD Price Forecast Toward 1.34
GBP/USD slid to 1.3427 as the UK leadership handover put Sterling back under pressure before Monday's formal transfer.
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GBP/USD slid to 1.3427 as the UK leadership handover put Sterling back under pressure before Monday's formal transfer.

EUR/GBP rose despite a fully priced BoE hike, as hawkish ECB comments gave euro bulls the cleaner rate story.

GBP/USD is back near 1.3400, but the rally looks more like dollar weakness than fresh faith in sterling.

GBP/USD has momentum, but 1.3400 and the 1.3420 to 1.3520 resistance band are blocking a clean sterling breakout.

GBP/USD holds above 1.3400 as UK political risk eases, but the Sterling bid looks fragile without stronger macro support.

GBP/JPY hit a January 2008 high near 216.75, forcing traders to weigh yen momentum against Japan's intervention threat.

GBP/USD sank toward 1.3200 after the BoE held rates at 3.75%, with hawkish dissent failing to rescue the Pound.