Pound Sterling Price News and Forecast: GBP/USD extends three-day slide as Fed decision and UK budget loom

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British Pound extends three-day slide as Fed decision and UK budget loom

The Pound Sterling (GBP) dives for the third straight day against the US Dollar (USD) on Tuesday, down 0.14% as the Greenback registers mild gains ahead of the Federal Reserve’s (Fed) monetary policy decision on Wednesday. At the time of writing, GBP/USD trades at 1.3321 and remains capped within the 1.3307-1.3349 range. Read More...

British Pound edges lower below 1.3350 ahead of UK budget, Fed rate decision

The GBP/USD pair declines to near 1.3335 during the early European trading hours on Tuesday. Traders prefer to wait on the sidelines and avoid taking big positions ahead of the UK Autumn Budget and US Federal Reserve (Fed) interest rate decision on Wednesday. Read More...

GBP/USD Price Forecast: Drops to one-week low near 1.3320, 38.2% Fibo. on firmer USD

The GBP/USD pair drifts lower for the third straight day on Tuesday, extending its recent pullback from the highest level since September 16, around the 1.3420 area, touched last week. Spot prices dropped to a one-week low during the first half of the European session and currently trade around the 1.3320 region, down 0.15% for the day amid sustained US Dollar (USD) buying. Read More...

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FXStreet Team

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AUD/USD eyes 100-SMA hurdle near 0.7035 as hawkish RBA counters firmer USD

AUD/USD regains positive traction on Tuesday and climbs to 0.7030 during the Asian session, reversing the previous day's corrective slide from a one-month high as hawkish RBA rate expectations continue to support the Aussie. Spot prices, however, remain below the 100-day SMA pivotal resistance amid a firmer US Dollar as traders brace for Australia’s September CPI report on Wednesday ahead of the Fed rate decision.

USD/JPY sticks to modest gains above 157.50 as traders await Fed, BoJ meetings

USD/JPY attracts buyers for the third straight day, recovering further from a one-month low ahead of Wednesday’s FOMC decision and the BoJ policy update on Friday. Meanwhile, expectations that the BoJ may hold off on aggressive rate hikes weigh on the Japanese Yen, and the US Dollar advances to a nearly two-week high, supporting the currency pair.

Gold holds above $4,000 as traders brace for Fed interest rate decision

Gold edges higher during American trading hours on Tuesday after trading in negative territory earlier in the day. A slight decline in Oil prices offers some relief, although a firmer USD limits the upside as traders await the Fed’s monetary policy announcement on Wednesday.

Crypto Today: Bitcoin, Ethereum and XRP on edge as sell-side pressure intensifies

Cryptocurrency prices are broadly correcting on Tuesday, led by Bitcoin (BTC) edging lower below the pivotal $80,000 level. Ethereum (ETH) mirrors Bitcoin’s neutral-to-bearish outlook, while Ripple (XRP) hovers around $1.30.

Experts agree: Fed policy outlook and geopolitical tensions keep US Dollar bid

The US Dollar Index rallies 0.6% in three days and hits fresh two-week highs above 102.00. Investors return to the US Dollar as markets brace for a hawkish hold by the Fed on Wednesday. Waning hopes of any immediate US-Iran peace deal have provided additional support to the safe-haven USD.

Anthropic pledged $270 billion to Amazon, Google, and Microsoft. Here's who actually gets paid

Anthropic owes Amazon, Google, and Microsoft at least $269.4 billion for computing power, even if it uses less. All three sell its models and handle its billing, and Amazon and Google own stakes and lend it money, so they get paid regardless of how the IPO goes. The Dario Amodei-led Anthropic filed its initial public offering (IPO) on Monday, seeking a listing on the Nasdaq under the ticker ANT.