Pound Sterling Price News and Forecast:GBP/USD firm as Fed easing bets outweigh soft US PMI signals

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GBP/USD firm as Fed easing bets outweigh soft US PMI signals

The Pound Sterling turns positive in the day as traders increase their bets that the Federal Reserve could cut rates at the December meeting. The GBP/USD trades at 1.3082 up 0.08%. Read More...

Pound Sterling slumps after poor UK Retail Sales, flash PMI data

The Pound Sterling (GBP) falls sharply against its major currency peers on Friday, following the release of poor United Kingdom (UK) Retail Sales data for October, and preliminary S&P Global Purchasing Managers’ Index (PMI) data for November. Read More...

GBP/USD Price Forecast: Holds gains near 1.3100, but bearish momentum persists below 100-day EMA

The GBP/USD pair strengthens to around 1.3090 during the early European session on Friday. Nonetheless, the potential upside for the major pair might be limited amid growing expectations of the Bank of England (BoE) rate cut at its next monetary policy meeting in December. Traders brace for the UK Retail Sales data later on Friday, along with the flash UK S&P Global PMI Purchasing Managers Index (PMI). Read More...

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FXStreet Team

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

GBP/USD flat lines around mid-1.3300s vs USD amid Iran tensions

The GBP/USD pair struggles to capitalize on last week's strong move higher and oscillates in a narrow band, around the 1.3350 area during the Asian session on Monday. Moreover, spot prices remain below a technically significant 200-day Simple Moving Average, warranting caution before positioning for an extension of the recent recovery from the 1.3140 zone, or the year-to-date low touched in June.

EUR/USD consolidates below mid-1.1400s as Hormuz risks support safe-haven USD

The EUR/USD pair kicks off the new week on a subdued note and oscillates in a narrow band below mid-1.1400s during the Asian session. Spot prices, however, remain within striking distance of a nearly two-week high, touched last Thursday, amid mixed fundamental cues.

Gold recaptures 21-day SMA, but sellers refuse to give up yet

Gold stalls its recent recovery just above $4,200 early Monday, as the Strait of Hormuz risks lurk. The US Dollar rebounds on renewed haven demand and the USD/JPY advance. Gold finds acceptance above the 21-day SMA, but the daily RSI remains bearish.

Steady recovery in Bitcoin nears key resistance – PUMP and HYPE lead gains

Bitcoin steadies above $63,000 at press time on Monday following a five-day recovery stretch last week, totaling roughly 7% gains. Easing risk-off sentiment in the broader market supports the mild recovery in action, with Pump.fun and Hyperliquid leading gains over the last 24 hours.

Why central banks are loading up on Gold during the current 30% correction

Gold has crashed from $5,500 to $4,000 in five months, marking a decline of almost 30% that has triggered widespread retail panic. However, this correction could present a significant opportunity, driven by an unprecedented market indicator: central bankers and the world's largest asset managers are aggressively buying.

Kevin Warsh offers no policy clues: Why markets still got their answer

Financial markets came to Sintra looking for clues about the Federal Reserve's (Fed) next move. They largely left with confirmation that Fed Chair Kevin Warsh intends to make those clues much harder to find.