Pound Sterling Price News and Forecast: GBP/USD eases from 3-year high as BoE turns dovish, US data beats

FXStreet Team FXStreet

GBP/USD eases from 3-year high as BoE turns dovish, US data beats

The Pound Sterling (GBP) loses ground versus the US Dollar after hitting a new three-year peak of 1.3788, just shy of the 1.3800 figure. Economic data from the United States (US), along with dovish comments of the Bank of England’s (BoE) Governor Bailey, exerted downward pressure on the pair. The GBP/USD trades at 1.3721, down a minimal 0.07%. Read More...

GBP/USD stretches higher, approaching 1.3800 with the US Dollar at long-term lows

The Pound is accelerating its uptrend on Tuesday, unaffected by rather downbeat UK manufacturing PMI data. US Dollar weakness is driving markets today with tariff uncertainty, renewed concerns about the US fiscal health, and rising bets on Fed cuts crushing demand for the US Dollar. Read More...

GBP/USD holds steady around 1.3740, remains close to multi-year top amid a bearish USD

The GBP/USD pair edges higher during the Asian session on Tuesday and currently trades around the 1.3740 area, just below its highest level since October 2021 touched last week amid a bearish US Dollar (USD). Read More...

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EUR/USD retreats toward 1.1600 after upbeat US data

EUR/USD pulls away from session highs and declines toward 1.1600 in the American session on Wednesday. Upbeat private sector employment and ISM Services PMI data from the US help the US Dollar (USD) stay resilient against its rivals, limiting the pair's upside.

GBP/USD meets resistance around 1.3400

In line with its risk-linked peers, GBP/USD stages a modest comeback on Wednesday, although meeting some resistance around the 1.3400 neighbourhood. Cable’s humble recovery struggles to gather momentum as the Greenback benefits from better-than-forecast macroeconomic data releases.

Gold loses traction after testing $5,200

Gold corrects lower after testing $5,200 but manages to stay in positive territory in the second hald of the day on Wednesday. The precious metal remains well supported by the deterioration of the geopolitical scenario in the Middle East, while the US Dollar's resilience caps the upside.