Pound Sterling Price News and Forecast: GBP/USD loses its footing as BoE hold meets Fed hike

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British Pound loses its footing as BoE hold meets Fed hike

The Pound Sterling (GBP) extends its losses on Thursday after the Bank of England's (BoE) decision to hold rates unchanged in a 6-3 vote, while leaving the door open for a potential hike. This, along with Wednesday Federal Reserve's (Fed) raise, capped the GBP/USD advance, with the pair trading at 1.3381, down over 0.23%. Read More...

British Pound falls vertically after BoE leaves interest rates unchanged at 3.75%

The British Pound (GBP) falls sharply against its peers after the Bank of England’s (BoE) monetary policy decision on Thursday. As of writing, the British currency gives back its early gains and turns marginally lower to near 1.3375 against the US Dollar. Read More...

GBP/USD Price Forecast: Trades vulnerable below 1.3400 ahead of BoE’s policy decision

The British Pound (GBP) is under severe pressure against the US Dollar (USD) during the early European trading session on Thursday, holding onto recent losses near 1.3378. The GBP/USD pair remains vulnerable as the US Dollar outperforms, following the Federal Reserve’s (Fed) monetary policy announcement on Wednesday. Read More...

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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 gains traction near 0.7100 as the post-Fed USD rally pauses

AUD/USD finds fresh buyers and retakes 0.7100 in the Asian session on Thursday as the US Dollar pauses its hawkish Fed-inspired rally to its highest level since late July. However, RBA rate-hike bets and hopes for US-Iran diplomatic efforts lift risk sentiment and support the risk-sensitive Australian Dollar and the major.

USD/JPY reverses a dip below 156.00 as focus shifts to BoJ

USD/JPY is reversing a brief dip below 156.00 in the Asian session on Thursday, looking to snap a three-day winning streak to a nearly two-week top set the previous day. The US Dollar pauses following the post-Fed rally to seven-week highs, while a more hawkish repricing of the BoJ's policy normalization path supports the Japanese Yen. This keeps the pair's upside limited, with the focus now shifting to the BoJ policy decision due on Friday.

Gold: Upside appears capped by $4,400

Gold climbs sharply and clinches fresh weekly peaks on Thursday, although the bull run seems to have met some initial hurdle around the $4,400 zone per troy ounce. The yellow metal’s rebound reverses three daily declines in a row and follows the modest retracement in the US Dollar as well as another negative performance of crude oil prices.

BoE recap: A cautious stance amid rising inflation risks

The Bank of England left Bank Rate unchanged at 3.75% but delivered a distinctly hawkish message as its inflation outlook deteriorated sharply.

One hike down, more to come? The Fed’s new rate path says yes

The Federal Reserve (Fed) raised its Fed Fund Target Range (FFTR) range by 25 basis points to 3.75%-4.00% in a unanimous decision, saying the move would support a timelier return to its 2% inflation goal.

How Japan became the World's Banker and why that era may be ending

Japan's ultra-low interest rates helped finance trillions of dollars in global investments for more than a decade, making the Japanese Yen one of the world’s cheapest sources of funding. With the Bank of Japan expected to tighten policy again this week, that advantage may be entering a new phase. While most major economies raised interest rates, Japan remained the world's outlier.