Pound Sterling Price News and Forecast: GBP/USD consolidates near weekly highs on Thanksgiving

FXStreet Team FXStreet

GBP/USD Price Forecast: Consolidates near weekly highs on Thanksgiving

The GBP/USD consolidates at around weekly highs, posting modest losses of 0.05% at around 1.2670 due to thin liquidity conditions as US markets remain closed for Thanksgiving. Read More...

Pound Sterling falls against USD with thin trading volume on Thanksgiving Day

The Pound Sterling (GBP) dropsto near 1.2660 against the US Dollar (USD) in Thursday’s North American session after failing to visit the round-level resistance of 1.2700 the prior day. The GBP/USD pair is expected to trade sideways amid thin trading volume as United States (US) markets are closed on Thursday and will open for a short duration on Friday on account of Thanksgiving Day. Read More...

GBP/USD edges lower to near 1.2650 as latest US inflation report keeps Fed on alert

GBP/USD holds losses as the US Dollar (USD) advances as the latest US inflation report indicated solid growth in consumer spending for October, but it also highlighted a stagnation in progress toward lowering inflation, keeping the Fed on alert. The GBP/USD pair edges lower to near 1.2660 during the Asian trading hours on Thursday. US markets may witness thin trading activity due to the Thanksgiving holiday on Thursday, to be followed by shortened trading hours on Friday. Read More...

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GBP/USD extends recovery, trades above 1.3200

GBP/USD holds on to modest gains above 1.3200 on Friday, building on gains seen in the previous day. Still, Cable struggles to build on its recovery as cautious market sentiment keeps investors focused on the US-Iran conflict and ongoing volatility in global technology stocks.

EUR/USD pops to daily highs near 1.1420

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Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Week ahead – NFP report to challenge Dollar strength and the hawkish Fed

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Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.