Pound Sterling Price News and Forecast: GBP/USD – 1.2550 back in sight ahead of BoE, US NFP

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Pound Sterling eyes more gains ahead of key interest rate policy

The Pound Sterling (GBP) recovers as negative market sentiment eases despite the United Kingdom losing resilience in an aggressively restrictive monetary policy environment. Earlier, the GBP/USD pair faced wrath as the UK authority shows concerns about deepening recession fears due to consistent interest rate hikes by the central bank. Read more...

GBP/USD Weekly Forecast: 1.2550 back in sight ahead of BoE, US NFP

The Pound Sterling extended its correction against the United States Dollar (USD), sending GBP/USD back toward the 1.2700 round level before a late rebound on Friday. The additional downside in the pair, however, depends on the Bank of England (BoE) interest-rate decision and the US Nonfarm Payrolls data scheduled for the week ahead. Read more...

GBP/USD Forecast: Pound Sterling likely to decline further as 1.2800 support fails

GBP/USD suffered heavy losses and touched its lowest level in over two weeks below 1.2800 on Friday. The pair needs to rise above that level and start using it as support to discourage sellers.

The broad-based US Dollar strength caused GBP/USD to fall sharply as investors reassessed the Federal Reserve's policy outlook following the robust macroeconomic data releases in the US. Read more...

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AUD/USD bulls regain control above 0.6950 amid USD retreat

AUD/USD regains traction and extends the previous day's bounce from the weekly low, aiming for 0.7000 in Asia on Friday. The overnight pullback in US bond yields keeps the US Dollar below an 18-month high, which in turn offers some support to the pair. Meanwhile, hawkish RBA expectations also keep the major underpinned.

USD/JPY holds gains near 158.00 after Japan's weak Household Spending data

USD/JPY clings to gains around 158.00 after data showed on Friday that Japan's Household Spending fell for the ninth straight month, undermining the Japanese Yen. Meanwhile, the US Dollar remains depressed as the overnight fall in US bond yields counters a hawkish Fed and geopolitical uncertainties, could cap any downside in the pair.

Gold remains range-bound below $4,200

Gold has given up some ground after an initial bullish attempt to reach weekly highs, returning to below the $4,200 mark per troy ounce on Friday. The US Dollar’s strong upside momentum, combined with rising US Treasury yields across the curve, seems to keep further gains in the yellow metal under scrutiny.

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin (BTC) on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?

The Euro is not the sick man of Europe. France's bond market is

EUR/USD remains under pressure, near the 17-month low of 1.1161 reached on Monday. The pair has lost more than 7% since its yearly peak, as concerns over France's public finances increasingly weigh on the single currency. But behind the weakness of the Euro (EUR), the problem does not necessarily lie with the European economy as a whole.