Pound Sterling Price News and Forecast: GBP/USD appreciates as the USD loses ground after the dovish Fedspeak.

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GBP/USD rises to near 1.3450 due to improved market sentiment, UoM Consumer Sentiment eyed

GBP/USD gains ground after registering small losses in the previous session, trading around 1.3440 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) edges lower due to dovish remarks from the Federal Reserve (Fed) officials.

San Francisco Fed President Mary Daly said that expecting two rate cuts this year is a "reasonable" outlook, while warning against waiting too long. Daly added that rates will eventually settle at 3% or higher, which is higher than the pre-pandemic neutral rate. Read more...

GBP/USD halts momentum as markets weigh US Retail Sales, UK labor data

GBP/USD churned around the 1.3400 region on Thursday, grappling with fresh congestion after a brief reprieve from sustained selling pressure. United Kingdom (UK) labor data broadly missed the mark, and US Retail Sales came in stronger than expected.

The UK added 25.9K new unemployment benefits seekers in June, more than expected but still below the previous month’s 33.1K. The UK Unemployment Rate also ticked higher, rising to 4.7% from the previous 4.6%. On the United States (US) side, Producer Price Index (PPI) inflation cooled off faster than expected, further bolstering market confidence that tariff fallout will have less of an impact on inflation than Federal Reserve (Fed) officials are fearing. Read more...

GBP/USD slips on robust US data as Fed rate cut odds fade

GBP/USD drops during the North American session on Thursday. The pair edged down 0.07% following the release of strong US economic data, which boosted the US Dollar (USD) and pushed it to a new July high as it recovers some ground at the beginning of the second half of the month. At the time of writing, the pair trades at 1.3408.

The latest US jobs report, released by the Bureau of Labor Statistics (BLS), revealed that the number of Americans filing for unemployment claims edged lower, indicating that the economy remains solid. Initial Jobless Claims for the week ending July 12 came at 221K, below forecasts of 235K. In addition to that, Retail Sales for June also exceeded estimates of a 0.1% MoM increase and rose by 0.6%. Read more...

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AUD/USD falls to near 0.7100 after slipping below 50-day EMA

AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor bears gain control. The AUD/USD pair is holding a slight bearish tone however as it sits beneath both the nine-day and 50-day EMAs.

160.00: USD/JPY back near intervention territory after upbeat US jobs report

US Nonfarm Payrolls beat expectations by a wide margin in May, with 172K jobs added. The US Dollar rebounds after the release, helping USD/JPY recover from its intraday lows. Warnings from Japanese authorities continue to limit upside potential near the 160.00 threshold.

Gold targets $4,300 amid stronger Dollar

Gold faces increasing selling interest and navigates the area of three-month lows near the $4,300 mark per troy ounce on Friday. The precious metal’s decline comes as traders assess the stronger-than-expected NFP, while the bid bias in the Greenback and higher US Treasury yields also collaborate with the retracement.

Cardano hits five-year low even as Hoskinson clarifies "break" isn't an exit

Cardano (ADA) price is down 10% at press time on Friday, extending losses over 30% so far this week amid Charles Hoskinson's clarification that "break" isn't an exit.

Week ahead – Fed countdown begins amid US inflation data and geopolitical risks

Fed Chair Warsh’s first meeting approaches as key US inflation data could reshape expectations. Oil prices remain elevated as US-Iran talks continue; tariffs also return to the spotlight. ECB is expected to hike; will it be a one-off move or is July live?

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.