Pound Sterling Price News and Forecast: Dips as Dollar stays bid on Warsh Fed pick, strong ISM data

FXStreet Team FXStreet

GBP/USD dips as Dollar stays bid on Warsh Fed pick, strong ISM data

The Pound Sterling (GBP) dives some 0.17% on Monday as the US Dollar (USD) extends its gains to two straight days, following the precious metals rout that pushed Gold prices down by over $1,000 after reaching a record high near $5,600. GBP/USD trades at 1.3662 after reaching a daily high of 1.3715. Read More...

Pound Sterling ticks up against US Dollar ahead of US ISM Manufacturing PMI

The Pound Sterling (GBP) outperforms its currency peers at the start of the week, regains ground against the US Dollar (USD) during the European trading session. The GBP/USD pair finds temporary support near 1.3660 and rises slightly above 1.3700 as the US Dollar edges down. Read More...

GBP/USD softens below 1.3700 as Trump picks Warsh for Fed

The GBP/USD pair loses ground to around 1.3670 during the early European session on Monday, pressured by renewed US Dollar demand. Signs of political stability in the United States (US) provide some support to the Greenback against the Pound Sterling (GBP). Traders will take more cues from the US ISM Manufacturing Purchasing Managers Index (PMI) data later on Monday. Read More...

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EUR/USD challenges 1.1800, multi-day lows

EUR/USD comes under extra selling pressure, slipping back toward six-day troughs near 1.1800 at the beginning of the week. The pair’s decline comes in response to marked gains in the US Dollar, as investors continue to digest the so-called “Warsh trade” and assess the latest US ISM Manufacturing prints.

GBP/USD stays on the back foot around 1.3650

GBP/USD adds to Friday’s losses and retests the 1.3650 region on Monday. Indeed, Cable’s retracement reflects the ongoing solid performance of the Greenback, while traders also begin to turn their attention to the upcoming BoE meeting.

Gold looking to stabilize below $4,700

Gold remains under heavy pressure in quite a negative start to the week, hovering around the $4,600 region per troy ounce, down for the third consecutive day. The yellow metal’s decline comes amid strong gains in the US Dollar and a broad-based rebound in US Treasury yields.

XRP holds near support amid low retail interest and weak on-chain metrics

Ripple (XRP) is trading above $1.60 on Monday, attempting to recover from last week’s sharp decline that tested support at $1.50.

Warsh effect ripples through markets, central banks on deck this week

The first full month of the year is behind us, and, honestly, it has been rather more dramatic than most had anticipated when toasting the New Year. We wrapped up last week with US President Donald Trump announcing his Fed Chair pick.

Ripple steadies after sell-off as low on-chain activity, retail interest weigh

XRP rebounds from last week’s support at $1.50 but struggles below resistance at $1.77. Active addresses on the XRP Ledger dropped below 18,000 on Sunday amid risk-averse sentiment. Retail interest in XRP continues to decline, with futures Open Interest dropping to $2.81 billion.