Pound Sterling Price News and Forecast: GBP/USD Likely to trade in a range between 1.3290 and 1.3365

FXStreet Team FXStreet

Pound Sterling advances against US Dollar amid firm Fed dovish bets

The Pound Sterling (GBP) extends Tuesday’s recovery move to near 1.3370 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair recovers strongly as the US Dollar extends its correction, following comments from Federal Open Market Committee (FOMC) members, including Federal Reserve (Fed) Chair Jerome Powell, regarding labor market concerns. Read more...

GBP/USD: Likely to trade in a range between 1.3290 and 1.3365 – UOB Group

Pound Sterling (GBP) is likely to trade in a range between 1.3290 and 1.3365. In the longer run, downward momentum has slowed somewhat, but there is still a chance for GBP to decline to 1.3200, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. Read more...

GBP: UK data provide mixed signals with BoE outlook finely balanced – MUFG

The Pound Sterling (GBP) underperformance yesterday was contained mostly to against the core G10 currencies with the risk-off sentiment resulting in the high-beta G10 currencies like NOK and AUD performing worse. But EUR/GBP did have its largest one-day gain since 16th September as investors started to position for the potential for the BoE to ease sooner than expected. The 2-year Gilt yield dropped 5bps yesterday with the prospects of a rate cut before the end of the year increasing from a 20% probability to a 40% probability over the last three trading days, MUFG's FX analyst Derek Halpenny reports. Read more...

Author

FXStreet Team

FXStreet

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.

AUD/USD falls to near 0.7100 after slipping below 50-day EMA

AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor bears gain control. The AUD/USD pair is holding a slight bearish tone however as it sits beneath both the nine-day and 50-day EMAs.

160.00: USD/JPY back near intervention territory after upbeat US jobs report

US Nonfarm Payrolls beat expectations by a wide margin in May, with 172K jobs added. The US Dollar rebounds after the release, helping USD/JPY recover from its intraday lows. Warnings from Japanese authorities continue to limit upside potential near the 160.00 threshold.

Gold targets $4,300 amid stronger Dollar

Gold faces increasing selling interest and navigates the area of three-month lows near the $4,300 mark per troy ounce on Friday. The precious metal’s decline comes as traders assess the stronger-than-expected NFP, while the bid bias in the Greenback and higher US Treasury yields also collaborate with the retracement.

Cardano hits five-year low even as Hoskinson clarifies "break" isn't an exit

Cardano (ADA) price is down 10% at press time on Friday, extending losses over 30% so far this week amid Charles Hoskinson's clarification that "break" isn't an exit.

Week ahead – Fed countdown begins amid US inflation data and geopolitical risks

Fed Chair Warsh’s first meeting approaches as key US inflation data could reshape expectations. Oil prices remain elevated as US-Iran talks continue; tariffs also return to the spotlight. ECB is expected to hike; will it be a one-off move or is July live?

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.