Pound Sterling Price News and Forecast: GBP/USD holds 1.3400 as Fed’s rate decision looms

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British Pound holds 1.3400 as Fed’s rate decision looms

The Pound Sterling (GBP) holds firm above the 1.3400 level on Tuesday as the US Dollar (USD) recovers some ground, even as geopolitical tensions ease following the US-Iran peace agreement. At the time of writing, the GBP/USD pair trades with minimal losses of 0.03%. Read More...

British Pound inches lower amid market caution ahead of US-Iran deal updates

GBP/USD loses ground after registering minor gains in the previous day, trading around 1.3400 during the Asian hours on Tuesday. The pair inches lower as the US Dollar (USD) receives support from the market caution ahead of further developments regarding US-Iran peace talks. Read More...

British Pound Sterling's peace rally round-trips ahead of the Fed

GBP/USD opened the new week with a sharp risk-on pop toward 1.3450 as a US-Iran ceasefire and the reopening of the Strait of Hormuz sent Crude Oil tumbling and lifted risk-sensitive currencies. The entire move then unwound, leaving the pair back near 1.3400, almost exactly where it started. The relief was genuine but shallow, and a Dollar quietly bidding into Wednesday's Federal Reserve (Fed) meeting did the rest. Read More...

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USD/JPY stays below 160.50 as markets assess BoJ decision

USD/JPY fluctuates in a relatively narrow range above 160.00 on Tuesday as markets assess the Bank of Japan's (BoJ) decision to raise the policy rate by 25 at the June meeting. Meanwhile, investors keep a close eye on news coming out of the Middle East, while preparing for the critical Fed meeting.

AUD/USD trades in tight channel near 0.7050 despite hawkish RBA message

AUD/USD trades modestly lower on the day at around 0.7050 on Tuesday as markets adopt a cautious stance amid a lack of details surrounding the US-Iran peace agreement. The Reserve Bank of Australia (RBA) left the door open for possible policy tightening after leaving the interest rate unchanged, as expected, at the June meeting but failed to boost the Australian Dollar.

Gold trims gains, approaches $4,300

Gold now surrenders part of its initial advance and recedes to the vicinity of the $4,350 mark per troy ounce on Tuesday. The early enthusiasm sparked by the US-Iran peace deal has faded somewhat, prompting investors to adopt a more prudent stance as they await further details of the agreement and key guidance from the Fed.

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.

BoJ just hiked and US-Iran deal is on the table: Why Japanese Yen is still around 160.00

The Bank of Japan lifted interest rates from 0.75% to 1.00%, its highest level in more than three decades. The landmark move aims to stabilize a sharply weakening Japanese Yen, but by looking at the immediate market reaction, it doesn’t look like it’s going to work.

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.