Pound Sterling Price News and Forecast: Climbs above 1.34 as Fed cut and soft US data weigh on DXY

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GBP/USD climbs above 1.34 as Fed cut and soft US data weigh on Dollar

Sterling rallies during the North American session, up over 0.68% after the Federal Reserve delivered as expected a 25-basis points rate cut and a softer than expected jobs report, weighed on the Dollar. At the time of writing, the GBP/USD trades at 1.3417 after bouncing off daily lows of 1.3354. Read More...

Pound Sterling holds onto Fed-related gains against US Dollar

The Pound Sterling (GBP) trades close to a fresh seven-week high around 1.3400 against the US Dollar (USD) on Thursday. The GBP/USD pair trades firmly as the US Dollar struggles to gain ground following the Federal Reserve’s (Fed) rate cut on Wednesday. Read More...

GBP/USD softens as traders eye BoE rate cut next week

The GBP/USD pair trades in negative territory near 1.3365 during the early European trading hours on Thursday, pressured by the rebound in the US Dollar (USD). Nonetheless, the potential downside might be limited after the US Federal Reserve (Fed) delivered a rate cut at its December policy meeting. Traders brace for the US weekly Initial Jobless Claims report, which will be published later on Thursday. Read More...

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GBP/USD: Gains remains capped below 1.3400

GBP/USD trades in positive territory, with the upside capped below 1.3400 in the European session on Friday. The US Dollar extends weakness following a weaker-than-expected US Nonfarm Payrolls report, which fades Fed rate hike expectations.

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Economics week ahead

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