Pound Sterling Price News and Forecast: Bullish-engulfing pattern looms, traders eye 1.3600

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GBP/USD Price Forecast: Bullish-engulfing pattern looms, traders eye 1.3600

The GBP/USD pair advances by some 0.78% on Thursday as market participants continue to price in further tightening by the Bank of England (BoE), even though it kept rates steady earlier in the day. At the time of writing, the pair trades at 1.3581 as a technical ‘bullish engulfing’ chart pattern looms. Read More...

GBP/USD surges amid lower-than-expected US GDP growth, BoE hold

The GBP/USD pair surges 0.6% on Thursday, trading at around 1.3550 level, after the Bank of England (BoE) left interest rates unchanged at 3.75% with an 8-1 vote and amid lower-than-expected GDP growth in the US. Read More...

GBP/USD Price Forecast: Remains sticky around 20-day EMA in countdown to BoE’s policy

The GBP/USD pair trades flat near 1.3475 during the European trading session on Thursday. The Cable consolidates as investors await the Bank of England’s (BoE) monetary policy announcement at 11:00 GMT. Read More...

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FXStreet Team

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

GBP/USD moves away from multi-week top as Hormuz risks support the Dollar

The GBP/USD pair edges lower at the start of a new week and moves further away from an over three-week high, or levels just above the 1.3500 psychological mark touched on Friday.

EUR/USD consolidates below 1.1600 amid Mideast tensions

EUR/USD kicks off the new week on a subdued note and trades below 1.1600 in the European morning on Monday, well within striking distance of a fresh high since June 17, touched in reaction to the disappointing US jobs data on Friday.

Gold appears 'buy-the-dip' trade before the US inflation test

Gold is moving further away from seven-week highs of $4,372 early Monday, approaching $4,300. The US Dollar recovers from the post-US NFP slump amid renewed Hormuz risks. Gold remains a ‘buy-the-dip’ trade on the daily chart ahead of the US CPI data

Cardano: Bulls eye a second leg higher as whales buy

Cardano trades above $0.196 at the start of the week after posting double-digit gains over the past two weeks. ADA’s bullish price action is supported by steady whale accumulation. Meanwhile, derivatives sentiment is showing a slight bullish tilt, suggesting a second leg higher for ADA.

The hottest trade of 2026 has a problem

The carry trade has been one of the biggest winners of the year, helped by low volatility, wide interest-rate gaps, and a relatively stable dollar. But now, parts of that setup are starting to crack.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.