Pound Sterling Price News and Forecast: GBP/USD extends to four consecutive days its losses

FXStreet Team FXStreet

GBP/USD extends to four consecutive days its losses, hovers around 1.3330s ahead of FOMC minutes

The British pound continues its free-fall, down for the fourth consecutive day, reaching a new year-to-date low around 1.3324, down some 0.34%, trading at 1.3334 during the New York session at the time of writing. On Wednesday, the market sentiment is downbeat, as portrayed by US equity indices falling. In turn, FX risk-sensitive currencies like the GBP, the AUD, and the NZD, record losses in the day against the greenback. Read more...

GBP/USD Forecast: Bears could target 1.3300 if 10-year US yield gains traction

After failing to break above 1.3400, GBP/USD has met fresh selling pressure and touched its lowest level of 2021 at 1.3341 on Tuesday. The technical picture doesn't point to a recovery in the near term and the pair will remain at the mercy of the dollar's valuation, which has been driven by US Treasury bond yields. The benchmark 10-year US Treasury bond yield climbed to a monthly high near 1.7% on Tuesday and helped the greenback continue to outperform its rivals. Read more...

GBP/USD outlook: Limited correction may precede bearish continuation

Cable is trading within a narrow range in early Wednesday after hitting new 2021 low (1.3342) on Tuesday but failing to sustain break below previous low of Nov 12 (1.3353). Overall structure remains bearish but long tail of Tuesday’s candle, accompanied with fading negative momentum and oversold stochastic on daily chart, suggest that bears may take a breather before larger downtrend resumes. Read more...

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD moves sideways below 1.1800 on Christmas Eve

EUR/USD struggles to find direction and trades in a narrow channel below 1.1800 after posting gains for two consecutive days. Bond and stock markets in the US will open at the usual time and close early on Christmas Eve, allowing the trading action to remain subdued.

GBP/USD keeps range around 1.3500 amid quiet markets

GBP/USD keeps its range trade intact at around 1.3500 on Wednesday. The Pound Sterling holds the upper hand over the US Dollar amid pre-Christmas light trading as traders move to the sidelines heading into the holiday season.

Gold retreats from record highs, trades below $4,500

Gold retreats after setting a new record-high above $4,520 earlier in the day and trades in a tight range below $4,500 as trading volumes thin out ahead of the Christmas break. The US Dollar selling bias remains unabated on the back of dovish Fed expectations, which continues to act as a tailwind for the bullion amid persistent geopolitical risks.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.