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Pound Sterling Price News and Forecast: GBP/USD has nothing to say in front of two central banks

British Pound Sterling has nothing to say in front of two central banks

The Pound trades near 1.3300 in the New York morning, effectively flat on a session that has run barely 30 pips between a floor a shade above 1.3250 and a ceiling fractionally above the 1.3300 handle. That is the narrowest daily range in weeks, and it arrives a little over a day before a Federal Reserve decision and two days before a Bank of England decision carrying a fresh Monetary Policy Report. Read More...

British Pound drops against US Dollar, Fed-BoE policy in focus

The British Pound (GBP) extends its decline against the US Dollar (USD) to near 1.3277 during the European trading session on Tuesday, the lowest level seen in over three weeks. The GBP/USD pair faces selling pressure as the US Dollar rises further, with investors turning cautious ahead of the Federal Reserve’s (Fed) monetary policy announcement on Wednesday. Read More...

British Pound softens as Fed rate uncertainty supports US Dollar

GBP/USD edges lower after opening at a bullish gap, remaining within positive territory and trading around 1.3290 during the Asian hours on Tuesday. The currency pair is under pressure as the US Dollar (USD) stabilizes, driven by market caution ahead of the upcoming Federal Reserve policy decision due on Wednesday. Read More...

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GBP/USD remains slightly bid near 1.3300

GBP/USD now advances marginally and manages to dispute the 1.3300 region on Tuesday. Indeed, Cable regains some balance on the back of the lacklustre performance of the Greenback, all preceding the Fed’s meeting on Wednesday and the BoE’s gathering on Thursday.

EUR/USD clings to gains around 1.1400

EUR/USD bounces off earlier multi-week lows and remains close to the 1.1400 region on Tuesday. The pair’s decent advance follows hopes of a more sustainable deal between the US and Iran, which in turn keeps the downside pressure on the US Dollar ahead of the key Fed meeting on Wednesday.

Gold meets contention near $4,000

Gold remains under marked downside pressure on Tuesday, although the $4,000 zone per troy ounce emerges as a decent support for now. The precious metal’s pullback comes despite the modest losses in the US Dollar in a context of easing geopolitical tensions ahead of the key Fed event on Wednesday.

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