Pound Sterling Price News and Forecast: GBP/USD holds ground after mixed UK data

EUR/USD edges lower after registering modest gains in the previous session, trading around 1.1660 during the Asian hours on Monday. The 14-day Relative Strength Index momentum indicator at 42.69 sits below the 50 midline and is easing, confirming a bearish tilt. RSI near 43 keeps sellers in control without reaching oversold, suggesting consolidation could precede follow-through.

The GBP/USD pair edges higher for the second straight day on Tuesday and looks to build on the previous day's recovery from the 1.3390 region, or a three-week low. Spot prices currently trade around the 1.3475 region, up nearly 0.10% for the day.

Gold is treading water near the $4,600 threshold early Tuesday, as buyers catch a breather after Monday’s rally to fresh record highs of $4,630. All eyes now turn to the US Consumer Price Index inflation data due later in the North American Session for fresh trading impetus.

Story is leading the market with double-digit gains over the last 24 hours, while MYX Finance and Dash rise roughly 6%. The rebound in top performers, IP, MYX, and DASH, approaches key resistance levels, aiming to extend gains.

Federal investigation of Powell and the Fed knocks risk sentiment. Concerns grow about Fed independence as gold hits a record. Are markets expecting Trump to scale back his rhetoric?

Monero hit a new all-time high of $598 on Monday as interest in privacy-focused coins grows. Retail traders lean into risk as XMR’s derivatives market strengthens, with futures Open Interest swelling to $177 million.