Pound Sterling gains ahead of Fed-BoE monetary policy decisions
The Pound Sterling (GBP) performs strongly against its major peers at the start of the week, supported by the improved appeal for risk-perceived currencies and a weakening US Dollar, which is pressured by growing prospects that the Federal Reserve (Fed) will opt for a large interest rate cut on Wednesday.
Firm Fed rate cut prospects have weighed on the US Dollar (USD), with the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, posting a fresh weekly low near 100.80. Read more...
GBP/USD Forecast: Pound Sterling bulls retain control on Monday
GBP/USD gathers bullish momentum in the European session on Monday and trades at its highest level in over a week above 1.3150. The pair's near-term technical outlook suggests that the bullish bias remains unchanged. Investors, however, could move to the sidelines ahead of the Federal Reserve's (Fed) and the Bank of England's (BoE) monetary policy announcements later in the week.
The US Dollar (USD) stays under selling pressure after weakening against its major rivals in the second half of the previous week. The Wall Street Journal reporter Nick Timiraos, who is widely seen as a “Fed insider,” wrote last week that the size of the Fed’s rate cut at the September policy meeting will be a close call. Read more...
GBP/USD Weekly Forecast: Pound Sterling looks for further upside in UK CPI, Fed-BoE decision week
The Pound Sterling (GBP) stalled its correction from over two-year highs against the US Dollar (USD) and staged an impressive comeback, with the GBP/USD pair having tested the critical 1.3000 threshold.
GBP/USD witnessed good two-way price action, correcting sharply to a three-week low of 1.3002 in the first half of the week only to recover the weekly losses in the latter part. The sentiment around the pair was mainly driven by the dynamics of the US Dollar. The Greenback continued to remain at the mercy of the market’s expectations on the size of the interest rate cut by the US Federal Reserve (Fed) in the upcoming week. Read more...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks

AUD/USD plummets toward 0.6200 ahead of US NFP data
AUD/USD has come under intense selling pressure, falling hard toward 0.6200 early Friday. US-China trade tensions, increased odds of Trump's tariffs-led global recession and dovish RBA expectations undermine the risk-sensitive Aussie. All eyes on US NFP and Powell.

USD/JPY falls back below 146.00 amid intense risk aversion
USD/JPY slips back under 146.00, fading its recovery in the Asian session on Friday. Risk aversion remains at full steam, reviving the haven demand for the Japanese Yen as investors ditch riskier assets amid a looming global trade war-led by US President Trump's aggressive tariff policies. US NFP and Powell eyed.

Gold: Will Powell and Payrolls drive the next leg higher?
Gold price is taking a breather early Friday after witnessing a volatile trading day on Thursday. Traders are consolidating the weekly gains, slightly away from the record high of $3,168, bracing for the US Nonfarm Payrolls report and US Federal Reserve Chair Jerome Powell’s speech for a fresh directional impetus.

Solana extends decline amid upcoming $200 million unlocks
Solana declined 3% in Friday's early Asian session, impacted by an upcoming $200 million staked SOL unlock from four whale wallets, according to Arkham Intelligence. Additionally, the SEC has acknowledged Fidelity's filing to launch a Solana exchange-traded fund.

Trump’s “Liberation Day” tariffs on the way
United States (US) President Donald Trump’s self-styled “Liberation Day” has finally arrived. After four straight failures to kick off Donald Trump’s “day one” tariffs that were supposed to be implemented when President Trump assumed office 72 days ago, Trump’s team is slated to finally unveil a sweeping, lopsided package of “reciprocal” tariffs.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.