Pound Sterling Price News and Forecast: GBP/USD dovish pivot for sterling

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Pound Sterling plummets as soft UK Inflation boosts dovish BoE bets

The Pound Sterling (GBP) falls vertically below the psychological support of 1.3000 against the US Dollar (USD) in Wednesday’s London session. The US Dollar stays afloat near a more than two-month high as traders have priced in moderate interest rate cuts from the Federal Reserve (Fed) in the remaining policy meetings this year, with the US Dollar Index (DXY) holding onto gains near 103.30. The Fed started the policy-easing cycle with a larger-than-usual size of 50 basis points (bps) in September. Read more...

GBP: Dovish pivot for sterling – ING

The Pound Sterling (GBP) is trading almost half a percent lower this morning after the September CPI report showed the closely-monitored services inflation falling more than expected from 5.6% to 4.9%, ING’s FX analyst Francesco Pesole notes. Read more...

GBP/USD: 1.3000 seems out of reach for now – UOB Group

There has been no further increase in momentum; a breach of 1.3125 would suggest that 1.3000 is out of reach, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Read more...

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GBP/USD flirts with multi-week lows near 1.3280

GBP/USD trades mildly on the defensive on Wednesday, challenging the area of multi-week troughs around 1.3280. Indeed, Cable struggles to gain traction as the Greenback remains resilient ahead of the Fed gathering later in the day. Moving forward, the British Pound should remain under the microscope in light of the BoE meeting on Thursday.

EUR/USD stays offered below 1.1400 pre-Fed

EUR/USD trades in a narrow range below 1.1400 on Wednesday. The pair’s slight decline comes as the US Dollar benefits from risk aversion amid the deepening crisis in the Middle East. In the meantime, investors remain exclusively focused on the imminent FOMC event and the press conference by Chair Warsh.

Gold: The $4,000 mark holds the downside ahead of the Fed

Gold remains on the back foot on Wednesday, navigating the area just above the psychological $4,000 mark per troy ounce amid the US Dollar’s marginal advance. In the meantime, escalating tensions in the US-Iran conflict weigh on the precious metal, while investors await the FOMC event later in the day.

Bitcoin slips below support, Ethereum and XRP flash bearish signals

Bitcoin, Ethereum and Ripple remain under pressure on Wednesday after a mild correction earlier this week. BTC slips below a key support zone, and ETH is testing a key resistance zone. Meanwhile, XRP is drifting toward the psychologically important $1.00 support level.

Federal Reserve set to hold interest rates steady, yet a hike can’t be ruled out

The United States (US) Federal Reserve (Fed) announces its interest rate decision on Wednesday, another pivotal meeting for markets to gauge the stance of policymakers as they assess how rising crude Oil prices could impact the inflation outlook.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.