Pound Sterling Price News and Forecast: GBP gains further against US Dollar ahead of US NFP revision

The EUR/USD pair holds steady near 1.1665 during the early Asian trading hours on Tuesday. Traders digested the US President Donald Trump administration's threat to indict the Federal Reserve after Chair Jerome Powell said on Sunday that he’s under criminal investigation. 

The GBP/USD pair edges higher for the second straight day on Tuesday and looks to build on the previous day's recovery from the 1.3390 region, or a three-week low. Spot prices currently trade around the 1.3475 region, up nearly 0.10% for the day.

Gold is treading water near the $4,600 threshold early Tuesday, as buyers catch a breather after Monday’s rally to fresh record highs of $4,630. All eyes now turn to the US Consumer Price Index inflation data due later in the North American Session for fresh trading impetus.

Story is leading the market with double-digit gains over the last 24 hours, while MYX Finance and Dash rise roughly 6%. The rebound in top performers, IP, MYX, and DASH, approaches key resistance levels, aiming to extend gains.

Federal investigation of Powell and the Fed knocks risk sentiment. Concerns grow about Fed independence as gold hits a record. Are markets expecting Trump to scale back his rhetoric?

Monero hit a new all-time high of $598 on Monday as interest in privacy-focused coins grows. Retail traders lean into risk as XMR’s derivatives market strengthens, with futures Open Interest swelling to $177 million.