Pound Sterling Price News and Forecast: GBP/USD may fall toward the three-month low of 1.3218

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GBP/USD Price Forecast: Tests 1.3300 support as bearish bias prevails

GBP/USD inches lower after registering nearly 0.75 gains in the previous session, trading around 1.3310 during the Asian hours on Tuesday. The short-term bias stays mildly bearish as spot holds below the declining nine-day Exponential Moving Average (EMA) and now trades under the flatter 50-day EMA, signalling fading upside momentum. The recent sequence of lower closes from the 1.36 area and failure to reclaim the short-term average confirms that rallies remain vulnerable to renewed downside interest.

Additionally, the technical analysis of the daily chart indicates a persistent bearish bias, as the pair moves downwards within the descending channel pattern. Moreover, the 14-day Relative Strength Index (RSI) sits around 39, below the 50 midline but off oversold extremes, signalling persistent selling pressure without capitulation. Read more...

GBP/USD bounces from lows as US Dollar retreats

GBP/USD gained almost 0.75% on Monday, bouncing from Friday's low close to 1.3220 to settle on the high side of 1.3300. The session's recovery looks corrective rather than the start of a new trend; the pair remains in a clear downtrend from the late-January high near 1.3870, and Monday's candle has yet to challenge the cluster of resistance around the 200-day Exponential Moving Average (EMA). Price has closed below all of its key moving averages for several sessions, and the burden of proof sits with buyers.

Three high-impact events over the next three days will determine whether the bounce has legs. First up is the Federal Reserve (Fed) rate decision on Wednesday, where markets expect a hold at 3.75%, but the accompanying Summary of Economic Projections (SEP) and Chair Powell's press conference carry significant weight for US Dollar (USD) direction; any hawkish signal on the rate path would add downside pressure to the pair. Read more...

GBP/USD Price Analysis: Cable rebounds as markets digest US–Iran war

The GBP/USD pair is trading near the 1.3310 price region, trimming almost all its losses from Friday and breaking its four-day losing streak, as investors seem to have digested the United States/Israeli escalation in the war against Iran over the weekend. On Saturday, the US launched a massive strike on Iran’s Kharg Island. Although US President Donald Trump called for an alliance to protect and reopen the Strait of Hormuz, most nations refused to send ships to the region and instead pushed for diplomatic solutions.

The Bank of England (BoE) is expected to keep rates on hold this Thursday, following the Federal Reserve (Fed) issuing its own interest rate decision on Wednesday. Markets expect the Fed to keep the rates unchanged at 3.50%-3.75%. The Fed will also publish a fresh Summary of Economic Projections (SEP) or dot plot, most likely impacted by war developments and higher oil prices. Read more...

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GBP/USD: Downward-sloping trendline near 1.3470 remains key barrier

The British pound faces selling pressure against its major currency peers, trading 0.1% lower at around 1.3420 against the US Dollar during the European trading session on Tuesday.

EUR/USD flatlines above 1.1500, awaits US jobs data

EUR/USD holds steady around 1.1505 in European trading hours on Tuesday. Markets remain cautious ahead of a slew of US jobs data, starting with the JOLTS Job Openings Survey later today. However, the downside appears capped by hot Eurozone inflation in July, bolstering the case for a European Central Bank rate hike at the next meeting.

Gold holds steady above $4,050; hawkish Fed bets favor bearish traders

Gold remains confined in a range below the $4,100 mark through the early European session as traders opt to wait for further developments surrounding the Middle East crisis. Meanwhile, the uncertainty over US-Iran peace talks continues to act as a tailwind for the safe-haven US Dollar.

Aave: Bearish RSI divergence risks a 20% drop despite steady DeFi deposits

Aave (AAVE) extends a mild near-term recovery on Tuesday, holding above its 50-day Exponential Moving Average at $90.80. Aave protocol’s V3 deployment on Monad blockchain recorded over $500 million in deposits over the last month, reflecting increased user adoption.

US JOLTs report in focus

In the US, the June JOLTs report will be in the spotlight. Job openings have increased modestly this year, which has historically predicted rising wage cost pressures ahead. June trade balance data will also be released in the afternoon and the preliminary reading pointed towards a stable trade deficit from May. The Fed's Schmid (non-voter, hawk) will be on the wires overnight.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.