Pound Sterling Price News and Forecast:GBP/USD holds near 1.2600 in thin trading ahead of the New Year holiday

FXStreet Team FXStreet

GBP/USD holds gains near 1.2600 due to thin trading ahead of the New Year holiday

The GBP/USD pair extends its gains for the second consecutive day, trading near 1.2580 during the Asian session on Monday. The upward movement can be attributed to the subdued US Dollar (USD) amid lighter-than-usual trading volumes ahead of the New Year holiday. Read More...

GBP/USD gains traction above 1.2550 on thin trading volume

The GBP/USD pair extends the recovery to near 1.2580 during the Asian trading hours on Monday. The Bank of England (BoE) policymakers became more divided about whether rate cuts were needed to tackle a slowing economy. The BoE’s Monetary Policy Committee (MPC) voted 6-3 to keep interest rates on hold, a bigger split than expected. Trading volume is lighter than usual ahead of the New Year holiday. Read More...

Pound Sterling gains as investors ignore mild acceleration in BoE dovish bets

The Pound Sterling (GBP) gains against its major peers on Friday, with investors looking for fresh cues about how the Bank of England (BoE) will follow the interest rate cut path in 2025. The latest BoE policy announcement in mid-December indicated a dovish buildup as the nine Monetary Policy Committee (MPC) voted 6-3 to keep interest rates on hold, a bigger split than the 8-1 economists had predicted. Read More...

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EUR/USD eases to four-week lows near 1.1650

EUR/USD now loses further momentum and recedes to multi-week lows near 1.1650 on Thursday. The pair’s extra retracement comes on the back of the persistent bid tone in the US Dollar as investors continue to gear up for the release of the December NFP figures on Friday.

GBP/USD: Further weakness could challenge 1.3400

GBP/USD remains under unabated selling pressure on Thursday, slipping to fresh three-day lows around 1.3415 in response to further improvement in the sentiment surrounding the Greenback ahead of Friday’s key NFP data.

Gold bounces back to its comfort zone

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Crypto Today: Bitcoin, Ethereum, XRP extend decline as ETF outflows pose headwinds

Bitcoin struggles with selling pressure as institutional investor sentiment deteriorates. Ethereum hangs onto the 50-day EMA lifeline amid growing overhead risks and the resumption of ETF outflows.

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XRP slides as institutional and retail demand falters

Ripple is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into aggressive profit-taking.