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

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...

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EUR/USD stays defensive below 1.1600, awaits Fed commentary

EUR/USD stays under modest bearish pressure and trades below 1.1600 in the second half of the day on Wednesday. Markets await the US House vote on the stopgap funding bill that will end the government shutdown. Meanwhile, investors will pay close attention to comments from Fed policymakers.

GBP/USD trims most of its intraday losses, advances beyond 1.3100

GBP/USD trades in the 1.3130 region in the American session on Wednesday. The US Dollar declines ahead of definitions about the US government shutdown. Market participants anticipate the largest shutdown in the country’s history is close to an end after the Senate agreed on a funding bill.

Gold extends rally past $4,200 amid US government reopening hopes

Gold accelerated its advance after Wall Street open, approaching the $4,200 mark in the American afternoon. The US Dollar remains pressured amid hopes of a US federal government reopening. The House of Representatives will vote on a funding bill later in the day.

Crypto Today: Bitcoin, Ethereum, XRP poised for recovery as BTC ETF inflows return

Bitcoin rises in tandem with other crypto majors and is trading above $104,000 at the time of writing on Wednesday. Altcoins, including Ethereum and Ripple, are also edging higher, hovering above $3,400 and $2.40, respectively.

US government hopes boost risk, as bond market may not prop up Starmer

As we move through the European trading session on Wednesday, there is residual optimism in the market that continues to boost risk sentiment. European indices are having another strong day, although the FTSE 100 is bucking this trend and is posting a small loss.

Sui reclaims $2.00 despite DeFI TVL logging 15% drop

Sui (SUI) is rising in tandem with the cryptocurrency market, trading above $2.00 at the time of writing on Wednesday. The bullish wave behind Sui's 3.5% increase followed a correction that erased gains from $2.20 to $1.98 the previous day.