Pound Sterling Price News and Forecast: GBP/USD hits multi-year high post Powell dovish pivot

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GBP/USD hits multi-year high post Powell dovish pivot, rose above 1.3200

The GBP/USD climbed sharply during the North American session after Federal Reserve Chair Jerome Powell gave the green light to cutting interest rates, as he’s confident that inflation is edging towards the central bank's 2% goal. The pair traded above 1.3200, at around new two-year highs, gaining over 1%. Read More...

Pound Sterling soars to 1.3200 on Powell's dovish interest rate guidance

The Pound Sterling (GBP) extends its winning streak for a seventh trading session against the US Dollar (USD) on Friday. The GBP/USD pair posts a fresh two-year high at 1.3200 as the US Dollar (USD) slides toward a year-to-date low after a dovish guidance on interest rates by Federal Reserve (Fed) Chair Jerome Powell in the Jackson Hole (JH) Symposium. Read More...

GBP/USD extends rally above 1.3100, focus on BoE’s Bailey and Fed’s Powell speeches

The GBP/USD pair trades in positive territory for the seventh consecutive day near 1.3105 during the early European session on Friday. The confidence of investors that the US Federal Reserve (Fed) will start easing monetary policy in the upcoming September meeting continues to undermine the US Dollar (USD) broadly. Read More...

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160.80: Japanese Yen remains close to nearly two-year lows

USD/JPY inches lower after four days of gains, trading around 160.60 during the Asian hours. The USD/JPY pair surged to 160.80 the previous day, marking its highest level since July 2024 and significantly heightening speculation that Japanese authorities could soon intervene to support the struggling Yen.

AUD/USD eyes 0.7050 on weaker USD; 100-day SMA holds the key for bulls

The AUD/USD pair regains positive traction during the Asian session, reversing part of the previous day's slide to sub-0.7000 levels, or the weekly low. Spot prices currently trade around the 0.7040 region, up nearly 0.40% for the day, amid a broadly weaker US Dollar.

Gold stays firm above $4,300 as Iran peace deal offsets hawkish Fed

Gold clings to its modest intraday gains in the European session on Thursday and holds comfortably above the $4,300 mark amid a broadly weaker US Dollar (USD). The optimism over a US-Iran peace deal prompts USD profit-taking and supports the bullion. The Fed’s hawkish tilt could limit USD losses, capping the commodity.

Ripple awaits a breakout while Stellar rally gathers pace

Ripple steadies at $1.19 below the upper boundary of its falling channel after facing rejection. Meanwhile, Stellar extends its gains, rallying over 25% so far this week. Derivatives metrics suggest a cautious outlook for XRP, while XLM's improving futures positioning suggests a bullish outlook.

A new era for the Fed

The Fed has shifted to a more hawkish stance at the first meeting chaired by Kevin Warsh. Although rates were left unchanged, there will be meaningful adjustments to how the Federal Reserve operates in the coming months and years. There are two main takeaways from today’s meeting, firstly what the Fed did, and secondly, what they are planning to do.

Why a hawkish RBA is no longer enough to lift the Australian Dollar

The Reserve Bank of Australia delivered more than what markets expected: a hawkish hold that should have supported the Aussie. But markets widely ignored it, focusing instead on slowing economic growth and proving that central bank messaging alone isn’t always enough to drive currencies.