GBP/USD trades with solid gains on Friday, ending six-month weekly gains after UK economic data gave further support Bank of England (BoE) tightening. The US central bank (Fed) left rates unchanged for the US dollar (USD). Thus, GBP/USD is trading at 1.2833, up 0.40%, after hitting a low of 1.2768. Read more…

The GBP/USD pair it printed a new annual high at 1.2830 at the beginning of the US session. The cable has proven its durability Bank of England (BoE) is expected to raise interest rates further to sharpen its quantitative tools to combat stubborn UK inflation. Read more…

Other gains were seen GBP/USD it will revisit the 1.2900 region in the next few weeks, according to UOB Group economist Lee Sue Ann and marketing strategist Quek Ser Leang. Read more…