Pound Sterling Price News and Forecast: GBP/USD a haven?

FXStreet Team FXStreet

GBP/USD jumps to session tops and retreats, finds some resistance ahead of mid-1.2900s

The selling bias surrounding the greenback picked up pace in the last hour and lifted the GBP/USD pair to fresh session tops, closer to mid-1.2900s.

The prevailing risk-off mood – amid growing concerns over the global outbreak of the deadly coronavirus – led to an extension of the recent slump in the US Treasury bond yields. In fact, the yield on the benchmark 10-year government bond fell to fresh all-time lows and kept exerting some pressure on the US dollar.

Shares and yields slide in coronavirus spotlight, Sterling a haven?

Ironically Brexit has made the British pound a haven from coronavirus fears. Sterling is virtually unchanged against the dollar this year and well up versus the euro. We still expect the pound to fall on bad news about Brexit talks but there is a benefit in it being uncorrelated to coronavirus concerns. The most recent comments from the EU’s Chief Brexit Negotiator Barnier were a little more constructive.

GBP/USD Forecast: Seems vulnerable ahead of UK's Brexit negotiating mandate

The GBP/USD pair came under some heavy selling pressure on Wednesday and reversed the previous day's goodish intraday positive move to one-week tops – levels just above the key 1.30 psychological mark. The downfall lacked any obvious catalyst and was sponsored by fears of a no-deal Brexit, further fueled by the UK’s diverging stance over the future trade relationship with the European Union (EU).

EUR/USD softens below 1.1800 on Fed hawkish remarks

The EUR/USD pair edges lower to around 1.1775 during the early Asian session on Wednesday, pressured by a renewed US Dollar demand. Traders await the US President Donald Trump's State of the Union address later on Wednesday for clarity on fiscal policies.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold stays firm above $5,150 as Trump's delivers State of the Union speech

Gold finds fresh demand and regains the $5,150 level following the previous day's pullback from the monthly peak as traders assess Trump's State of the Union address. Trade-related uncertainties and geopolitical risks seem to act as a tailwind for the safe-haven bullion.

Hyperliquid registers mild gains following CoinShares' ETP launch

Hyperliquid registered a 3% gain on Tuesday after CoinShares announced the launch of its Physical Hyperliquid Staking exchange-traded product, offering investors exposure to the token's price and staking yields.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.