Pound Sterling Price News and Forecast: GBP/USD climbs as Fed-BoE policy divergence favors Sterling

FXStreet Team FXStreet

GBP/USD climbs as Fed-BoE policy divergence favors Sterling

The Pound Sterling (GBP) advances during the North American session on Monday as traders are set to digest monetary policy meetings by major central banks across the Atlantic. Expectations for the first rate cut by the Federal Reserve (Fed) in nine months, and the Bank of England (BoE) keeping rates unchanged, would likely underpin the British currency. Read More...

Pound Sterling gains against US Dollar ahead of Fed-BoE policy outcome

The Pound Sterling (GBP) advances against the US Dollar (USD) at the start of the week during the European trading session. The GBP/USD pair jumps to near 1.3600as the US Dollar faces selling pressure, with investors awaiting monetary policy announcements by the Federal Reserve (Fed) and the Bank of England (BoE) on Wednesday and Thursday, respectively. Read More...

GBP/USD holds positive ground above 1.3550 as potential Fed rate cut looms

The GBP/USD pair posts modest gains near 1.3555 during the early Asian session on Monday. Traders expect the US Federal Reserve (Fed) to deliver its first rate cut of the year at its policy meeting on Wednesday, which might weigh on the US Dollar (USD). Later on Monday, the New York Empire State Manufacturing Index for September will be released. Read More...

Author

FXStreet Team

FXStreet

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.

GBP/USD holds on to solid gains after discouraging US NFP

The British Pound trades near its daily highs against the US Dollar during the American trading session on Thursday. The GBP/USD pair reflects strength as the US Dollar underperforms its peers following a softer-than-expected United States Nonfarm Payrolls report.

EUR/USD pops to multi-day highs near 1.1450 post-NFP

EUR/USD gains traction and clings to strong gains near the 1.1450 mark, reaching a fresh multi-day peak on Thursday, amid a marked correction in the US Dollar following the disappointing US employment data. Meanwhile, the pair remains on track to snap a two-day losing streak.

Gold climbs to fresh weekly high above $4,100 following US Payrolls

Gold maintains its bullish momentum on Thursday, surpassing the $4,100 per troy ounce mark and trading at its highest level in a week. The precious metal’s marked rebound comes on the back of the US Dollar’s retracement following the release of a softer-than-expected NFP report.

Crypto Today: Bitcoin, Ethereum, XRP steady rebound as US and Iran conclude positive talks in Doha

The cryptocurrency market broadly rises on Thursday, reflecting improvement in risk sentiment following an extended period of selling pressure. Bitcoin is back above $60,000 after testing support at $58,000 earlier in the week.

The market may no longer be giving the Magnificent Seven a free pass

For much of the past three years, investing has felt surprisingly simple. Whenever markets stumbled, investors knew where to look. Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta and Tesla repeatedly led Wall Street higher, shrugging off inflation fears, higher interest rates and geopolitical shocks.

Kevin Warsh offers no policy clues: Why markets still got their answer

Financial markets came to Sintra looking for clues about the Federal Reserve's (Fed) next move. They largely left with confirmation that Fed Chair Kevin Warsh intends to make those clues much harder to find.