Pound Sterling Price News and Forecast: GBP/USD bears resume after a brief consolidation

FXStreet Team FXStreet

GBP/USD outlook: Bears resume after a brief consolidation

Cable fell further at the beginning of the week, after larger bears paused for consolidation on Friday. Current bets show 60% chance of BoE rate cut at Thursday’s policy meeting, which continues to weigh on sterling.

Technical picture on daily chart weakened further after Monday’s acceleration broke below 1.2830 pivot (50% retracement of 1.2615/1.3044 / daily Kijun-sen) with daily close below here to confirm fresh negative signal. Read more...

GBP/USD Forecast: Bearish pressure builds up as focus shifts to Fed and BoE meetings

After posting losses for the second consecutive week, GBP/USD stays under pressure early Monday and trades in negative territory below 1.2850. The pair's near-term technical outlook points to a buildup of bearish momentum.

The Federal Reserve (Fed) and the Bank of England (BoE) will announce monetary policy decisions later in the week. Growing expectations for a BoE rate cut this Thursday make it difficult for Pound Sterling to find demand. According to Reuters, UK interest rate futures point to a 58% chance of a 25 basis points (bps) BoE rate cut on August 1, up from nearly 50% on Friday. Read more...

GBP/USD Weekly Forecast: Fed-BoE policy divergence could trigger next directional move in Pound Sterling

The Pound Sterling (GBP) stretched its corrective downside from yearly highs against the US Dollar (USD), sending GBP/USD back under 1.2900 – the lowest level in over a week.

GBP/USD maintained its corrective downside mode during the past week, despite a broadly rangebound US Dollar. Divergent monetary policy outlooks between the US Federal Reserve (Fed) and the Bank of England (BoE) also failed to offer the much-needed lift to the Pound Sterling, as the sentiment around the higher-yielding currency was dented by resurfacing concerns over China’s economic slowdown. Read more...

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EUR/USD stays weak near 1.1650 ahead of critical US events

EUR/USD stays in the red near 1.1650 in the European trading hours on Friday. The pair remains undermined by broad US Dollar strength and a cautious market mood. Traders keenly await the US Nonfarm Payrolls data and Supreme Court's ruling on Trump's tariff powers for further direction.

GBP/USD holds lower ground below 1.3450, with eyes on US data

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Nonfarm Payrolls expected to show US labor market remained weak in December

The United States Bureau of Labor Statistics will release the Nonfarm Payrolls data for December on Friday at 13:30 GMT. Economists expect Nonfarm Payrolls to rise by 60,000 in December following the 64,000 increase recorded in November.

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