Pound Sterling Price News and Forecast: GBP/USD gains ground to around 1.3235 in the early European session

FXStreet Team FXStreet

GBP/USD edges higher above 1.3200 as Fed rate cut bets pressure US Dollar

The GBP/USD pair gains traction to near 1.3235 during the early European session on Wednesday. The US Dollar (USD) remains weak against the Pound Sterling (GBP) amid growing expectations that the US Federal Reserve (Fed) will deliver a 25 basis points (bps) interest rate cut at its upcoming meeting next week.

Hopes for a December Fed rate reduction provide some support to the Greenback. Anticipation for a December cut has risen following dovish comments from Fed officials and recent signs of a cooling economy. According to the CME FedWatch Tool, there is nearly an 89% chance of a quarter-point rate cut at next week's meeting. Read more...

GBP/USD tepid near 1.3200 as rate watchers look on

GBP/USD cycled around the 1.3200 level on Tuesday as Cable traders keep their heads down during the long wait for further signs of interest rate cuts from both the Federal Reserve (Fed) and the Bank of England (BoE) heading into the final weeks of 2025.

Markets are expecting a tilt toward further interest rate cuts from both the Fed and the BoE in December. The Fed’s next rate call is slated for December 10, with the BoE trailing along on December 18. Read more...

GBP/USD steadies near 1.3200 as traders bet on dual Fed–BoE dovish pivot

GBP/USD holds steady near 1.3200 on Tuesday as the US Dollar (USD) registers minimal gains, despite the US economy continuing to show signs of weakness, which could prompt the Federal Reserve (Fed) to ease policy in the December meeting.

On Monday, the Institute for Supply Management (ISM) reported that manufacturing activity shrank for the ninth consecutive month. The ISM Manufacturing PMI in November missed estimates, falling from 48.7 to 48.2, missing forecasts of 48.6. Also, the employment sub-component reaffirmed the low-firing, low-hiring environment, exerting pressure on the Fed to cut rates. Read more...

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EUR/USD treads water near 1.1800 ahead of ECB rate decision

EUR/USD is keeping its range at around 1.1800 in the European trading hours on Thursday. The pair awaits the European Central Bank interest rate decision for fresh impetus after the Eurozone inflation declined well below the central bank's 2% target.

GBP/USD stays weak toward 1.3600 on BoE's 'Super Thursday'

GBP/USD holds its losses for the second successive session, directed toward 1.3600 in European trading on Thursday. The pair weakens as the Pound Sterling comes under pressure ahead of the Bank of England’s interest rate decision due later in the day.

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BTC steadies as bears shift focus toward $70,000

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BoE expected to keep interest rate steady amid sticky inflation, cooling job market

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Top Crypto Losers: Zcash, Stacks, BNB drop further as Bitcoin weakens

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