Pound Sterling Price News and Forecast: GBP/USD rebounds as Iran deal hopes sink USD

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British Pound rebounds as Iran deal hopes sink USD

The GBP/USD pair posts gains of over 0.30% during the North American session on Wednesday as the US Dollar (USD) turns negative for the day amid optimism about US-Iran talks that could end the conflict, which has lasted nearly 11 weeks. At the time of writing, the pair trades at 1.3449, after bouncing off daily lows of 1.3375. Read More...

British Pound outperforms Euro as traders reassess ECB and BoE outlook after inflation data

The Euro (EUR) weakens against the British Pound (GBP) on Wednesday, with EUR/GBP extending losses for a third consecutive day as traders digest the latest inflation data from both the United Kingdom and the Eurozone. At the time of writing, the cross is trading around 0.8654, hovering near one-week lows. Read More...

British Pound flatlines against the Japanese Yen, amid soft UK CPI data

The Pound (GBP) is trading practically flat against the Japanese Yen (JPY) on Wednesday, moving halfway through the last three weeks’ trading range, a few pips below 213.00. A sharper-than-expected decline in UK inflation in April hurt the Pound, but the Yen remains weighed down by the differential between Japanese and US Treasury yields as energy prices boost inflationary risks. Read More...

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GBP/USD flat lines around mid-1.3300s amid Iran tensions

The GBP/USD pair struggles to capitalize on last week's strong move higher and oscillates in a narrow band, around the 1.3350 area during the Asian session on Monday. Moreover, spot prices remain below a technically significant 200-day Simple Moving Average, warranting caution before positioning for an extension of the recent recovery from the 1.3140 zone, or the year-to-date low touched in June.

EUR/USD: 20-day EMA acts as key barrier near 1.1460

The EUR/USD pair trades marginally lower to near 1.1428 during the early European trading session. The major currency pair faces slight selling pressure as the US Dollar gains ground after a negative weekly close. In the late Asian trade, the US Dollar Index trades 0.1% higher to near 101.00.

Gold struggles to find acceptance above $4,200; eases from two-week high

Gold struggles to capitalize on its modest Asian session uptick, and trades below a fresh two-week high, levels just above the $4,200 mark. The US Dollar attracts some safe-haven flows amid uncertainties stemming from tensions in the Strait of Hormuz, and acts as a headwind for the bullion. However, receding bets for rate hikes by the US Federal Reserve hold back USD bulls from placing aggressive bets.

Cardano Price Forecast: Bullish momentum persists as traders stay cautiously optimistic

Cardano (ADA) is trading slightly lower on Monday, finding support around the key technical level at $0.186. ADA pauses its gains at the start of this week after posting a massive 31% rally in the previous week. Despite the pullback, derivatives data suggests traders remain cautiously optimistic, while momentum indicators indicate that the uptrend remains intact if ADA holds the key support zone.

Why central banks are loading up on Gold during the current 30% correction

Gold has crashed from $5,500 to $4,000 in five months, marking a decline of almost 30% that has triggered widespread retail panic. However, this correction could present a significant opportunity, driven by an unprecedented market indicator: central bankers and the world's largest asset managers are aggressively buying.

Kevin Warsh offers no policy clues: Why markets still got their answer

Financial markets came to Sintra looking for clues about the Federal Reserve's (Fed) next move. They largely left with confirmation that Fed Chair Kevin Warsh intends to make those clues much harder to find.