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Pound Sterling Price News and Forecast: GBP/USD catches bid as BoE hawk warns inflation is embedded

FXStreet Team FXStreet

British Pound catches bid as BoE hawk warns inflation is embedded

The Pound Sterling advances some 0.40% on Tuesday as the Greenback retreats from multi-month highs, boosted by hawkish comments by a Bank of England (BoE) member of the Monetary Policy Committee (MPC), while a widening of the US trade deficit weighed on the Greenback. The GBP/USD trades at 1.3281 at the time of writing. Read More...

British Pound bounces off 1.3200 amid modest USD pullback; lacks bullish conviction

The GBP/USD pair attracts some dip-buyers near the 1.3200 mark on Tuesday and hits a fresh daily high during the first half of the European session. Spot prices, however, remain confined in a familiar range held over the past two weeks or so and currently trade around the 1.3240 region, up less than 0.10% for the day. Read More...

GBP/USD Price Forecast: YTD low near 1.3140 to act as key support level

The British pound (GBP) is down 0.26% to near 1.3200 against the US Dollar (USD) during the early European trading session on Monday. The GBP/USD pair faces selling pressure as the US Dollar (USD) outperforms due to an improvement in its safe-haven demand in the wake of heightened French fiscal concerns. Read More...

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

AUD/USD holds above 0.6950 as bullish USD caps gains

AUD/USD edges lower during the Asian session on Tuesday, stalling a two-day recovery move from a two-month low, touched last week. An extended rout in the fixed income market keeps US bond yields elevated near multi-year highs. This, along with geopolitical uncertainties, helps the US Dollar retain its bullish tone despite receding October Fed hike bets. However, expectations for another RBA rate hike this month could act as a tailwind for the Aussie.

USD/JPY rises back above 158.00 despite hawkish BoJ outlook

USD/JPY rises back above 158.00 in the early European morning on Tuesday. The pair strengthens as the Japanese Yen fails to find any inspiration from hawkish BoJ expectations and looming intervention risks. Meanwhile, geopolitical uncertainty and elevated US bond yields keep the US Dollar near its YTD high despite receding October Fed hike bets. This, in turn, helps the pair stay supported.

Gold trades with modest gains; still below $4,200

Gold builds on Monday’s marginal bounce, although it struggles to reclaim the key $4,200 mark per troy ounce on Tuesday. The yellow metal’s advance comes on the back of the fresh downside momentum in the US Dollar in tandem with retreating US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP bulls battle to restart uptrend amid ETF outflows

Bitcoin upholds a robust bullish outlook, trading at $85,837 on Tuesday as sellers push to regain control over the trend. Altcoins, meanwhile, reflect Bitcoin’s ranging action, with Ethereum trading sideways above $2,700 and Ripple hovering around the pivotal $1.50 level.

Japanese Yen nears 158.00: Two analysts agree it's bullish, and disagree on how far the breakout goes

The JPY is drifting near 158.00 against the USD ahead of a busy week of Japanese data and a still-unclear BoJ timetable. The two most recent FXStreet analyses agree on the direction, but they disagree on the target and the mechanism.

Eurozone inflation just hit 3.8%, its highest in three years. This chart shows why the ECB can’t simply hike its way out

The ECB would normally have a relatively straightforward answer to inflation running almost twice its target: raise interest rates. But these are not normal circumstances. This time, the bond market is already doing part of the tightening for it, leaving the ECB facing an increasingly difficult dilemma.

Pound Sterling Price News and Forecast: GBP/USD catches bid as BoE hawk warns inflation is embedded

British Pound catches bid as BoE hawk warns inflation is embedded

British Pound bounces off 1.3200 amid modest USD pullback; lacks bullish conviction

GBP/USD Price Forecast: YTD low near 1.3140 to act as key support level

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AUD/USD holds above 0.6950 as bullish USD caps gains

USD/JPY rises back above 158.00 despite hawkish BoJ outlook

Gold trades with modest gains; still below $4,200

Crypto Today: Bitcoin, Ethereum, XRP bulls battle to restart uptrend amid ETF outflows

Japanese Yen nears 158.00: Two analysts agree it's bullish, and disagree on how far the breakout goes

Eurozone inflation just hit 3.8%, its highest in three years. This chart shows why the ECB can’t simply hike its way out

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British Pound catches bid as BoE hawk warns inflation is embedded

British Pound bounces off 1.3200 amid modest USD pullback; lacks bullish conviction

GBP/USD Price Forecast: YTD low near 1.3140 to act as key support level

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