- The Pound Sterling falls further to near 1.3470 against the US Dollar after BoE Mann’s comments.
- BoE’s Mann warns of rising jobless rate and praises January inflation data.
- FOMC Minutes showed that officials see no rush for interest rate cuts.
The Pound Sterling (GBP) extends its losing streak against the US Dollar (USD) for the fourth trading day on Thursday. The GBP/USD pair posts a fresh almost four-week low at around 1.3470 during European trading hours after Bank of England (BoE) Monetary Policy Committee (MPC) member Catherine Mann praised soft United Kingdom (UK) Consumer Price Index (CPI) data for January.
- Gold eyes weekly loss of over 3% as Fed interest rate decision looms
- Euro: Gradual upside as Fed and ECB converge .
- Gold Price Forecast: XAU/USD picks up from the $4,000 area with bears still in control
- Gold holds above $4,000/three-month low as Fed hike bets and firm USD cap upside
- Euro: Weakens against US Dollar amid risk concerns.
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