Pound Sterling Price News and Forecast: GBP/USD could extend slide if 1.3100 support fails

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GBP/USD Forecast: Pound Sterling could extend slide if 1.3100 support fails

GBP/USD dropped to its lowest level in over a week below 1.3100 on Tuesday but managed to close the day above this level. The pair trades marginally higher in the European session on Wednesday as investors await the next catalyst.

The US Dollar (USD) showed no immediate reaction to the ISM Manufacturing PMI data on Tuesday, which edged higher to 47.2 in August from 46.8 in July. The risk-averse market atmosphere, as reflected by the sharp decline seen in Wall Street's main indexes, allowed the USD to hold its ground and forced GBP/USD to stretch lower. Read more...

GBP/USD holds steady above 1.3100 ahead of Fed Beige Book

The GBP/USD pair flat lines near 1.3110 during the early European session on Wednesday. However, the risk-off sentiment ahead of the key US events could provide some support to the US Dollar (USD) and drag the major pair lower. The US JOLTS Job Openings and Fed Beige Book are due later on Wednesday.

Data released by the Institute for Supply Management (ISM) on Tuesday revealed that the Manufacturing PMI rose slightly to 47.2 in August from 46.8 in July. This figure came in below the market consensus of 47.5. Read more...

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GBP/USD stays weak near 1.3250 on resurgent USD demand

GBP/USD stays weak near 1.3250 in European trading on Tuesday, reversing a part of the previous day's advance to a one-week high. The pair ditches a three-day winning streak, undermined by the USD/JPY upsurge-led broad US Dollar rebound. US jobs data in next in focus.

EUR/USD keeps the red near 1.1400 on firmer US Dollar

EUR/USD remains in the red near 1.1400 in early Europe on Tuesday, snapping a three-day winning streak amid a firmer US Dollar. The pair trades with caution ahead of Germany's preliminary inflation readings and the US JOLTS Job Openings Survey.

Gold recovers early lost ground to YTD low; Fed hike bets and firmer USD to cap upside

Gold builds on its intraday recovery from the lowest level since November 2025, touched earlier this Tuesday, and climbs to the top end of its daily range heading into the European session. Any meaningful appreciation still seems elusive in the wake of a broadly firmer US Dollar. Against the backdrop of renewed Mideast tensions, mixed signals on US-Iran talks assist the USD to stall its recent pullback from the highest level since May 2025.

Ripple defends critical support, Stellar extends recovery

Ripple (XRP) trades around the key $1.00 psychological level, consolidating as the token awaits its next directional catalyst. Stellar (XLM) extends its recovery above $0.178 after posting modest gains at the start of this week.

US JOLTS Job Openings expected to show strong labor demand, endorsing Fed rate hike bets

The US Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey for May on Tuesday at 14:00 GMT. Job openings are expected to come in at 7.3 million in May.

Kevin Warsh isn't expected to say much in Sintra: That's exactly why markets will listen

Financial markets could find an important catalyst in the enchanting, fairytale-like landscape of Sintra this week. The ECB Forum will, as it does every year, gather the crème de la crème of central banks. The new boss at the Fed, who has clearly said that the Fed should stop explaining everything, will need to talk – and traders should listen.