Pound Sterling Price News and Forecast: GBP/USD holds steady to near 1.3600

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GBP/USD Price Forecast: Holds steady to near 1.3600, with bullish bias intact above 100-day SMA

The GBP/USD pair steadies around 1.3590 during the early European session on Friday. Traders pared expectations for ‌an interest rate hike by the Bank of England (BoE) this year and shifted their attention to the annual symposium on monetary policy at Jackson Hole in the US later on Friday.

Traders await the Federal Reserve (Fed) Chair Kevin Warsh's speech at the Jackson Hole symposium for clues on his policy outlook. This event could provide more clarity on his outlook for the US economy, interest rate outlook, and how the US central bank will bring inflation back to the Fed’s 2% target. Any hawkish comments from Fed officials could help limit the Greenback’s losses in the near term. Read more...

British Pound edges higher despite delaying BoE rate hike expectations

GBP/USD inches higher after two days of losses, trading around 1.3600 during the Asian hours on Friday. However, the British Pound (GBP) may encounter headwinds as recent declines in Brent crude oil prices ease immediate inflation concerns. This shift has led money markets to push back expectations for the Bank of England's (BoE) next interest rate hike from late 2026 into early 2027.

According to LSEG pricing data, financial markets reflect just 24 basis points of policy tightening by December and 36 basis points by February 2027. Ahead of the BoE's September meeting, less than 4 basis points are priced in, translating to roughly a 15% probability of a rate increase. Read more...

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GBP/USD remains capped at 1.3600, awaits key US event risks

GBP/USD is consolidating in Friday's European trading after facing rejection at 1.3600 earlier on. Traders remain on the sidelines and refrain from placing fresh bets on the major ahead of the critical US Nonfarm Payrolls benchmark revision and Fed Chair Warsh's debut at the Jackson Hole Symposium. Both events could ramp up market volatility.

EUR/USD hovers around 1.1650 ahead of NFP revision, Warsh

EUR/USD is treading water at around 1.1650 in the European session on Friday. The pair faces headwinds as the US Dollar clings to its recent recovery ahead of the US Nonfarm Payrolls benchmark revision and Fed Chair Warsh's Jackson Hole speech. However, the downside appears cushioned by hawkish ECB expectations.

Gold holds gains above $4,600 as bullish bias prevails

Gold extends its gains for the second successive day, trading around $4,610 during the European hours. The price of the precious metal is remaining within the ascending channel pattern, suggesting a persistent bullish bias. The XAU/USD pair is retaining a constructive bullish bias as spot holds above both the nine-period and 50-period EMAs, keeping the short- and medium-term trends aligned to the upside.

Crypto Today: Bitcoin, Ethereum, XRP rally loses steam despite steady ETF inflows

Bitcoin is back below $80,000 at the time of writing on Friday, after a second attempt at breaking resistance between $81,000 and $82,000. Meanwhile, Ethereum and Ripple mirror Bitcoin’s cooling trend, with ETH sliding to $2,500 and XRP falling toward $1.40 support.

Kevin Warsh’s Jackson Hole dilemma: Say too much, too little, or just enough

Kevin Warsh is preparing to deliver his first Jackson Hole speech as Federal Reserve Chair on Friday, and expectations extend well beyond whether interest rates will be raised or left unchanged in September. The Jackson Hole symposium, held from August 27 to 29, has the official theme “Financial Innovation: Implications for Payments and Policy.”

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.