Pound Sterling Price News and Forecast: GBP/USD loses ground as the US Dollar recovers on uncertainty

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GBP/USD falls toward 1.3500 amid uncertain Fed policy outlook

GBP/USD retraces its recent gains from the previous session, trading around 1.3520 during the Asian hours on Tuesday. The pair depreciates as the US Dollar (USD) gains ground, driven by persistent inflationary pressures in the United States (US), which heightened uncertainty over potential Federal Reserve (Fed) rate cuts. Traders will likely observe the August ISM Manufacturing Purchasing Managers Index (PMI) later in the day.

Furthermore, traders will also observe upcoming labor market data this week that could shape the US Federal Reserve’s (Fed) policy decision in September. Key reports include ADP Employment Change, Average Hourly Earnings, and Nonfarm Payrolls for August. Read more...

GBP/USD rises as risk appetite floats higher heading into tense week

GBP/USD found room on the high end on Monday, kicking off a fresh trading week with another leg up the charts. Cable rose around three-tenths of one percent despite a general lack of meaningful data or headlines as investors continue to bank on a fresh round of interest rate cuts from the Federal Reserve (Fed) this month.

Tuesday will be dominated by US economic data, with a clear docket on the UK side. US ISM Manufacturing PMI figures from August will be dropping during the American market session, and median market forecasts are expecting a general uptick to 49.0 from 48.0. The response rate for PMI surveys is generally too low to stretch the final figure into an accurate sample size, thus rendering any conclusions drawn from the survey a moot point. However, the final figure will nonetheless be watched by investors. Read more...

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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

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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.