Pound Sterling Price News and Forecast: Falls as Fed holds rates steady, Powell to stay at Fed

FXStreet Team FXStreet

GBP/USD falls as Fed holds rates steady, Powell to stay at Fed

GBP/USD maintains its negative intraday trend on Wednesday, remaining steady following the Federal Reserve’s (Fed) decision to keep interest rates unchanged at Jerome Powell’s final meeting as Fed Chair. As of this writing, the currency pair is trading near 1.3480, down 0.30%, as market participants await insights from Powell’s forthcoming press conference. Read More...

GBP/USD falls as US Dollar gathers strength ahead of Fed interest rate decision

The GBP/USD pair fell toward the 1.3480 price region on Wednesday as the US Dollar (USD) continued to gain strength ahead of the last Federal Reserve (Fed) interest rate decision led by Chair Jerome Powell. The broader strength of the Greenback is also aided by the United Arab Emirates' (UAE) exit from OPEC, which is reviving safe-haven demand. Read More...

GBP/USD Price Forecast: Trades sideways around 1.3500 ahead of Fed-BoE rate decisions

The GBP/USD pair is broadly sideways around 1.3500 during the European trading session on Wednesday. The Cable consolidates as investors await monetary policy announcements by the Federal Reserve (Fed) and the Bank of England (BoE). Read More...

Author

FXStreet Team

FXStreet

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 defends 1.3300 after strong UK PMI data

Following Thursday's sharp decline, GBP/USD clings to small gains above 1.3300 in the European session Friday, supported by the upbeat UK Retail Sales and July PMI data. Nevertheless, the pair's upside remains capped as investors cling to a cautious stance amid a further escalation of tensions in the Middle East. The US economic calendar will feature preliminary July PMI data later in the day.

EUR/USD retreats below 1.1400 ahead of US PMI

EUR/USD loses its traction and trades below 1.1400 on Friday, following a recovery attempt on upbeat Eurozone and German PMI data earlier in the day. The risk-averse market atmosphere helps the US Dollar (USD) hold its ground as market focus shifts to preliminary July PMI data from the US.

Gold recovers above $4,050 but struggles to gather momentum

Gold builds on its modest intraday bounce and climbs back above the $4,050 level, hitting a fresh daily high amid a modest US Dollar pullback. The fundamental backdrop, however, warrants some caution before confirming that the pullback from an over two-week high, touched on Wednesday, has run its course and positioning for any meaningful upside.

Ethereum: Derivatives interest in ETH improves, but signs of caution remain

Ethereum is hovering slightly below the $1,900 level, down 3% on Thursday following a slight expansion in derivatives interest. The top altcoin's open interest has increased to 14.60 million ETH, marking a 600K ETH increase over the past two days and its highest level since June 7.

Crypto Market Overview: Bitcoin tests 50-day EMA support – Pi Network and Sky lead losses

The broader cryptocurrency market faces headwinds with rising tensions between the US and Iran, pushing Bitcoin down to its 50-day Exponential Moving Average support around $65,135 on Friday. Under pressure, Pi Network and Sky emerge as the worst-performing crypto assets over the last 24 hours.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.