Pound Sterling Price News and Forecast: GBP/USD edges lower to 1.3220

FXStreet Team FXStreet

GBP/USD edges lower to 1.3220 as market leans bearish post-budget

GBP/USD dips during the North American session on Friday, despite heading into the end of the week with gains of almost 1%, after the financial markets digest the Autumn Budget. The pair trades at 1.3221 after retreating from a daily high of 1.3244. Read More...

GBP/USD gains near 1.3250 amid rising Fed rate cut bets

GBP/USD continues its winning streak for the seventh successive session, trading around 1.3240 during the Asian hours on Friday. The pair strengthens as the US Dollar (USD) weakens amid growing expectations of a Federal Reserve (Fed) rate cut in December. Read More...

GBP/USD steady at 1.3230 as UK budget offsets US Dollar pressure

The GBP/USD pair remains steady at around 1.3230 on Thursday as market participants digest the UK’s Autumn Budget amid thin trading liquidity conditions, with US markets remaining closed in observance of the Thanksgiving holiday. At the time of writing, the pair is flat at 1.3232, virtually unchanged. Read More...

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EUR/USD struggles for direction around 1.1800

EUR/USD is churning around the 1.1800 area on Thursday, struggling to find direction in response to modest gains in the US Dollar. Earlier on Thursday, the ECB matched consensus and left its policy rates unchanged, while President Largarde delivered quite a neutral press conference.

GBP/USD loses the grip, back to 1.3550

GBP/USD extends Wednesday’s pullback on Thursday, drifting down towards two-week lows around the 1.3550 zone. Further improvement in the Greenback and the dovish hold by the BoE at its meeting earlier in the day kept the demand for the British Pound subdued for now.

Gold meets resistance near $5,000

Gold is back under pressure on Thursday, retreating to the $4,800 region per troy ounce against the backdrop of the firmer US Dollar and despite the prevailing risk-off sentiment. In addition, declining US Treasury yields across the curve seem to limit the sell-off for now.