Pound Sterling Price News and Forecast GBP/USD: Rate laurels go the the US Federal Reserve

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GBP/USD Weekly Forecast: Rate laurels go the the US Federal Reserve

BOE leaves rates, asset purchases unchanged, warns on inflation. Federal Reserve and Chair Powell set the stage for bond taper. US Treasury rates move sharply higher after FOMC meeting. GBP/USD drops below 1.3700 in Friday trading. FXStreet Forecast Poll predicts stronger sterling. The Bank of England and the Federal Reserve are on the same rate page in the central bank policy book, but the US institution appears to be a few paragraphs ahead. Read more...

Here is why GBP/USD might reach 1.32

The British Pound might have received a shot in the arm following the September Bank of England rate meeting. Yet, the chart says that there is still a high risk of a lower GBPUSD in the weeks ahead. Read more...

GBP/USD Forecast: Holding around 1.3700, bears cautious

The greenback pared losses as the market’s optimism receded on the back of the poor performance of Chinese equities. The GBP/USD pair retreated from a weekly high at 1.3750, currently trading around the 13700 figure. The dollar strengthens particularly against commodity-linked currencies, while European rivals seem to be baring better with the downbeat mood. At the time being, European indexes post modest intraday losses, while US government bond yields retain gains at multi-month highs. Read more...

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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 bounces off multi-month low, nears 0.6900

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USD/JPY remains capped below 159.00 amid looming intervention risks

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Gold climbs to $4,050 as USD pauses hot CPI-led rally; Fed hike bets to cap upside

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Ethereum: ETF falls to $2,000 following October's hot CPI print

Ethereum (ETH) dropped toward $2,000 on Tuesday as increasing US inflation and exchange-traded fund (ETF) outflows weighed on the market. The top altcoin fell 4% over the past 24 hours, extending its weekly losses to nearly 11%. The move pushed liquidations across ETH futures to $254.8 million, driven by $193.3 million in liquidated long positions.

Beyond the CPI: The complete inflation story

Here we go again. The Bureau of Labor Statistics released the October Consumer Price Index data. It was hotter than expected. Persistent price inflation has once again raised expectations for a December rate hike. In fact, many analysts now think the Fed may hike 50 basis points.

Gold reclaimed $4,100. Tuesday’s CPI test decides if it holds

Gold (XAU/USD) starts the week on a positive note, reclaiming the $4,100 psychological level as the US Dollar (USD) retreats from its recent highs. The precious metal recovers from Friday's losses, although investors remain cautious ahead of Tuesday's US Consumer Price Index (CPI) report, which could determine the next direction for Bullion.