Pound Sterling Price News and Forecast: GBP/USD gains some positive traction

FXStreet Team FXStreet

GBP/USD Price Forecast: Retakes 1.3200; bearish bias persists amid geopolitical risks

The GBP/USD pair attracts some dip-buyers near the 1.3175 region during the Asian session on Monday, and for now, seems to have snapped a two-day losing streak. Spot prices climb back above the 1.3200 mark in the last hour, though any meaningful appreciation still seems elusive amid persistent geopolitical uncertainties.

Bloomberg, citing Axios, reported that the US, Iran, and regional mediators are discussing terms for a possible 45-day ceasefire that could lead to an end of fighting. This, in turn, keeps a lid on the safe-haven US Dollar (USD) and offers some support to the GBP/USD pair. However, the risk of a further escalation of the conflict remains in play amid US President Donald Trump's fresh threat to target Iran’s power plants and bridges if the Strait of Hormuz is not reopened by Tuesday. Read more...

Pound Sterling remains in negative territory as Middle East concerns rise

GBP/USD remains subdued for the third consecutive trading day, hovering in the negative territory around 1.3190 during the Asian hours on Monday. The pair struggles as the safe-haven demand for the US Dollar (USD) increases amid heightened uncertainty in the Middle East.

US President Donald Trump set a fresh deadline for Iran to reopen the Strait of Hormuz on Tuesday, while escalating threats targeting its power plants and other civilian infrastructure. Iranian officials responded that Tehran would retaliate in kind against any attacks on its infrastructure, including striking comparable assets owned by or linked to the United States (US). Authorities in Tehran also stated that the strait would remain closed until compensation for war-related damages is secured. Read more...

GBP/USD Weekly Forecast: Holds up, but cracks are starting to show

Another bearish week for the British Pound led to the second consecutive weekly retracement for GBP/USD, which was primarily driven by geopolitical concerns rather than domestic issues, while market participants currently do not expect the Bank of England (BoE) to resume interest rate cuts this year. Instead, markets pencil in around 50 basis points of tightening by year-end.

Sterling has held up reasonably well recently, but the story underneath is starting to look a bit more fragile. At first glance, the move makes sense. Markets have aggressively repriced BoE expectations, shifting from rate cuts to the possibility of further tightening. That swing has provided a solid cushion for the British Pound, helping it outperform most of the G10 space outside of the US Dollar and commodity currencies. 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 flirts with tops near 1.3470

GBP/USD manages to regain composure and challenge the area of daily highs around 1.3470 on Friday. Cable picks up pace despite marginal gains in the Greenback in a context of swelling geopolitical tensions and rising global oil prices.

EUR/USD struggles above 1.1500 despite USD weakness

EUR/USD struggles with its recovery above 1.1500 in European trading on Monday, despite broad US Dollar weakness and improved risk sentiment. The USD loses traction following US President Trump's call off an attack on Iran and that talks between the two sides would happen on Monday. Traders will closely monitor the developments surrounding US-Iran negotiations and US ISM PMI data.

Gold extends range play below $4,100 as rebounding USD meets receding Fed hike bets

Gold struggles to capitalize on a modest weekly bullish gap opening, and remains below the $4,100 mark heading into the European session. The US Dollar stages a modest recovery from its lowest level since June 17, which is seen capping the upside for the commodity. The upside for the USD, however, seems limited amid renewed hopes for a US-Iran peace deal and receding US Fed rate-hike expectations.

Week ahead: US payrolls report and AI earnings to keep investors on edge

After the Fed decision, NFP report awaited for more rate hike clues. Employment also on the agenda in Canada and New Zealand. Chinese trade and Japanese wage data to be watched too. But Iran and AI headlines to remain in driver’s seat for risk sentiment.

Solana risks a steeper decline below $70 despite steady ETF inflows

Solana (SOL) is trading in the red, losing bullish momentum and remaining capped below its 50-day Exponential Moving Average at $75.68. SOL-focused Exchange Traded Funds show resilience with a monthly inflow of $14.62 million in July, while the near-term retail support wanes with the funding rate turning negative.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.