Pound Sterling Price News and Forecast: GBP/USD rebounds past 1.3300 as US-China tensions rattle US Dollar

FXStreet Team FXStreet

GBP/USD rebounds past 1.3300 as US-China tensions rattle US Dollar

The Pound Sterling recovered some ground versus the US Dollar on Thursday as market participants grew pessimistic about de-escalating the US-China trade war. Beijing is pressuring Washington to eliminate tariffs and has denied talks. At the time of writing, the GBP/USD trades above 1.3300 and gains 0.55%.Read More...

Pound Sterling recovers against US Dollar despite hopes on US-China trade deal

The Pound Sterling (GBP) holds initial gains near 1.3300 against the US Dollar (USD) in Thursday’s North American session. The GBP/USD pair rebounds after a two-day correction as the USD struggles to extend the recovery, with the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, facing pressure near the psychological level of 100.00. Read More...

GBP/USD Price Forecast: Bullish outlook remains in play above 1.3250

The GBP/USD pair drifts higher to around 1.3270, snapping the two-day losing streak during the early European trading hours on Thursday. Mitigating concerns over potential tariff threats by US President Donald Trump exerts some selling pressure on the US Dollar (USD). Read More...

Author

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 sits at two-month lows near 0.6950 after Australian CPI data

AUD/USD is sitting at two-month lows near 0.6950 in the Asian session on Wednesday, as below-expectations August Australian underlying CPI data pours cold water on expectations for further RBA interest rate hikes. Chinese PMI data also fail to inspire the Australian Dollar, despite a pause in the US Dollar advance.

USD/JPY stays weak below 157.00 amid Japanese intervention risks

USD/JPY keeps losses below 157.00 in the Asian session on Wednesday, as hawkish BoJ expectations, along with intervention risks, underpin the Japanese Yen, countering dismal domestic factory output and retail sales data. Meanwhile, a broad US Dollar retreat also collaborates to the pair's downside.

Gold flat lines below $4,200, as focus shifts to US ADP and PCE

Gold extends its consolidative price move in the European session, trading near the $4,200 mark. Falling US bond yields drag the US Dollar away from the two-month high, touched on Tuesday, and act as a tailwind for the commodity. However, hawkish US Federal Reserve expectations cap the upside as traders await important US macro data before placing fresh directional bets on the non-yielding bullion.

Bitcoin consolidates below $85,000 amid rising US Treasury yields, derivatives deleveraging

Bitcoin consolidates near $83,000 at the time of writing on Wednesday after bulls failed to close above the key $85,000 level earlier this week. The Crypto King's investors remain cautious amid rising US Treasury yields and several key macroeconomic data releases due this week.

US core PCE inflation set to rise in August, pressuring the Federal Reserve

The United States Bureau of Economic Analysis will publish the Personal Consumption Expenditures Price Index data for August on Wednesday at 12:30 GMT. Market participants closely watch the PCE Price Index because it is the Federal Reserve’s preferred measure of inflation and could influence its policy outlook.

Silver is more volatile than Gold ahead of PCE and NFP. This chart shows the positioning gap

The market’s attention is focused on American data this week, but there’s something only those with a trained eye may be looking at: Gold and Silver positioning gap. Financial markets are moving on fears, mostly related to persistently high energy prices driven by the Middle East war. Sure, the US Dollar (USD) is strong, but at what cost?