Pound Sterling Price News and Forecast: GBP/USD loses ground as the Dollar holds ground amid risk aversion

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GBP/USD edges lower below 1.3500 as uncertainty deepens ahead of August 1 tariff deadline

GBP/USD inches lower after registering more than 0.5% gains in the previous session, trading around 1.3480 during the Asian hours on Tuesday. The pair depreciates as the US Dollar (USD) remains steady as traders adopt caution due to prevailing uncertainty ahead of US President Donald Trump's August 1 tariff deadline.

US Commerce Secretary Howard Lutnick stated unequivocally in a televised interview, “That’s a hard deadline, so on August 1, the new tariff rates will come in. However, Lutnick also highlighted that trade discussions will not stop after the deadline, but they’re going to start paying the tariffs on August 1.” Read more...

GBP/USD steadies as US Dollar weakens

The British Pound (GBP) is staging a modest rebound against the US Dollar (USD) on Monday, with GBP/USD trading around the 1.3480 mark during the American trading session. The upside in Sterling comes as the Greenback weakens broadly, weighed down by softening US Treasury yields and lingering uncertainty surrounding upcoming trade negotiations and the Federal Reserve’s (Fed) policy path.

Meanwhile, UK interest rate expectations remain in flux following a mixed batch of macroeconomic data last week, keeping GBP bulls cautiously optimistic ahead of the Bank of England’s (BoE) August policy decision. Read more...

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FXStreet Team

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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.

AUD/USD holds losses on unchanged PBOC rates

The Australian Dollar registers two days of consecutive gains versus the US Dollar, trading at 0.6980, up more than 0.50% as risk appetite improved, while the Aussie was supported by strong data on China’s GDP and Retail Sales.

USD/JPY: Japanese Yen flatlines near 158.50 as markets seek direction

The USD/JPY pair steadies around 158.50 during the Asian trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of Japan’s National Consumer Price Index inflation data later on Friday. Meanwhile, elevated US bond yields provide some support to the US Dollar against the Japanese Yen.

Gold tumbles below $4,150 amid elevated US Treasury yields

Gold price falls to around $4,135 during the early Asian session on Tuesday. The precious metal extends its downside as US bond yields stayed elevated despite falling energy prices. Traders continue to assess the outlook for US interest rates ahead of next week’s Federal Reserve policy meeting.

Bitcoin profit-taking cools as spot demand stays weak, Glassnode says

Glassnode says Bitcoin (BTC) selling pressure has eased but spot demand stays weak near $82,000. Supply in profit fell to 68.2% as options expiry looms. Blockchain analytics firm Glassnode shared in a Monday report that Bitcoin selling pressure has eased, but spot market demand remains weak, leaving the cryptocurrency without a clear catalyst for recovery.

Markets now see no hike in October, but inflation is still a major concern

US inflation has returned to the spotlight after the latest Consumer Price Index (CPI) and Producer Price Index (PPI) reports showed a significant acceleration in price pressures. The data raised concerns that the Federal Reserve may need to maintain restrictive monetary policy for longer, pushing interest-rate expectations higher and putting pressure on stocks and gold.

The US Dollar fell. Gold didn't rally. That tells you everything

Gold (XAU/USD) is struggling to capitalize on a weaker US Dollar (USD), after repeatedly failing to establish itself above the $4,200 level. The precious metal remains confined to a relatively narrow trading range despite a combination of developments that would normally support higher prices.