Pound Sterling Price News and Forecast: GBP/USD rebound remains capped below 1.3800

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GBP/USD Forecast: Cable is not Kane, why sterling is unlikely to benefit from a rebound

Harry Kane has taken England's football team to its first final since 1966 – taking advantage of a rebound seconds after he missed a penalty kick. Can cable also rebound from its lows? That seems a tall order, and not only because some British traders are probably tired after the seminfal excitement.

Doubts about the UK's planned reopening on July 19 have refused to let go as COVID-19 cases, hospitalizations and deaths continue rising. There are 11 days for Prime Minister Boris Johnson to change his mind in response to the Delta variant's rapid spread. Read more...

GBP/USD Price Analysis: Rebound remains capped below 1.3800

GBP/USD is attempting a recovery amid broad risk-aversion, as the pound outperforms across the fx board so far this Thursday. The rebound in the cable from 1.3760 could be associated with fresh selling seen in the US dollar, as the relentless slide in the Treasury yields drags the greenback lower.

Resurgent covid concerns and its likely hit to the global economic turnaround continue to dampen the investors’ sentiment. However, the pound emerges the strongest amongst the lot amid Britain’s relative success in vaccinations. The UK boasts of the highest number of doses administered per 100 people across the world. Read more...

GBP/USD Forecast: COVID-19 woes, stronger USD favours bearish traders

The GBP/USD pair had some good two-way price moves on Wednesday and was influenced by a combination of diverging forces. Following the previous day's dramatic turnaround from the 1.3900 neighbourhood, the pair gained some positive traction amid the optimism over the imminent reopening of the UK economy. The UK Prime Minister Boris Johnson set out plans for the final step of easing lockdown on Monday and confirmed that all restrictive measures would be lifted on July 19. The supporting factor, to a larger extent, was offset by concerns about the spread of the highly contagious Delta variant of the coronavirus. 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.

GBP/USD resumes downside below 1.3200

GBP/USD resumes its downside below 1.3200 in European trading on Wednesday. The pair remains vulnerable amid a broadly firmer US Dollar and chaotic UK political environment. The focus is now on BoE-speak for further trading impetus.

EUR/USD sits at yearly low near 1.1350 on USD strength

EUR/USD sits at yearly lows near 1.1350 in the European morning on Wednesday. The pair remains vulnerable to further declines amid a bullish US Dollar. The Greenback continues to draw support from hawkish Fed bets and US-Iran peace deal uncertainty.

Gold: Bears retain control as Fed rate hike bets continue to boost USD

Gold recovers slightly from a nearly two-week low, around the $4,050 region, touched earlier this Wednesday. The commodity, however, sticks to its bearish bias for the second straight day, and seems vulnerable to weaken further amid sustained US Dollar buying.

Dogecoin tests a key make-or-break point amid waning retail support

Dogecoin trades below $0.08000 maintaining a steady decline for the seventh straight week. The meme coin is losing its retail strength as DOGE futures Open Interest drops 10% in 24 hours, while institutional demand remains muted with zero inflows so far this week.

Tech rout weighs on US stocks as the USD clocks a fresh 2026 high

Major US equity benchmarks ended Tuesday’s session considerably in the red, with the Nasdaq 100 down 3.3%, the S&P 500 off by 1.4%, and the Dow Jones down 0.1%. Stocks were largely weighed down by tech amid doubts over the AI-driven rally; the Philadelphia Semiconductor Index slid nearly 8%.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.