Pound Sterling Price News and Forecast: GBP/USD holds ground despite overbought conditions [Video]

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GBP/USD Forecast: Pound Sterling holds ground despite overbought conditions

GBP/USD extended its weekly uptrend and touched a fresh monthly high near 1.3600 before correcting lower. The pair's near-term technical outlook continues to show overbought readings as investors await mid-tier data releases.

The risk-positive market atmosphere made it difficult for the US Dollar (USD) to find demand on Wednesday and helped GBP/USD to continues to push higher. Read more...

Pound hits multi-week high as markets await GDP data

The GBP/USD pair climbed to 1.3575 on Thursday, marking a fresh three-week high. The uptick followed encouraging UK labour market data, which showed fewer job losses than anticipated in July, easing economic concerns.

Employment figures revealed a decline of just 8,000 workers—well below the forecasted 20,000—while previous months’ data was revised upwards. This suggests resilience in the labour market, despite the Labour government’s £26 billion tax hike. Read more...

GBP/USD forecast: Post-CPI breakout holds near 1.36 as Fed cut odds hit 95.8% [Video]

Sterling has extended its bullish momentum against the U.S. dollar, trading below the 1.36 level after a powerful post-CPI surge. The rally unfolded in a sequence that blended liquidity concepts with macro fundamentals, particularly, CPI as the catalyst for upside. Read more...

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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 off highs, back to 1.3620

GBP/USD remains slightly on the defensive at the end of the week, receding to the low 1.3600s after hitting fresh tops past 1.3670 earlier in the day. Cable’s correction comes after two daily gains in a row and amid a tepid advance in the Greenback, while poor UK data also accompany the downside.

EUR/USD treads water below 1.1700

EUR/USD now trades with modest losses around 1.1670 following another unsuccessful atempt to advance past 1.1700 the figure in a convincing fashion. The pair’s decline follows a maginal rebound in the US Dollar as market participants continue to assess recent US data as well as developments from the US bond market.

Gold trims gains, recedes to the sub-$4,600 area

Gold rapidly leaves behind Thursday’s inconclusive price action and advances markedly on Friday, briefly surpassing the $4,600 mark per troy ounce to hit three-month peaks. Meanwhile, the precious metal’s solid performance comes despite marginal gains in the buck coupled with another day of rising US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP bulls accelerate rally amid rising ETF inflows

The cryptocurrency market remains bullish on Friday, led by Bitcoin’s surge above $77,000. Altcoins, including Ethereum and Ripple, mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.

Week ahead – Fed’s Jackson Hole and Nvidia earnings to dictate markets

Kevin Warsh to make his Jackson Hole debut amid confusing messaging. But a major hawkish surprise unlikely after bond market intervention. Nvidia earnings to also determine market direction as stock rally cools.

$20 billion offered, $2 billion taken: Why Treasury doubled its buyback cap

The US Treasury moved off its own calendar on Wednesday, and that is the part worth sitting with. At 12:32 GMT, the department said it would at least double the size of liquidity support buyback operations in the 10-year to 20-year and 20-year to 30-year sectors, lifting the maximum from $2 billion per operation to at least $4 billion, effective September 9 and running to November 4.