Pound Sterling Price News and Forecast: GBP/USD receives support as the Fed is expected to cut rates in Sept

FXStreet Team FXStreet

GBP/USD maintains position above 1.3700 ahead of UK Q1 GDP data

GBP/USD inches higher ahead of the United Kingdom’s (UK) Gross Domestic Product for the first quarter, trading around 1.3720 during the Asian hours on Monday. The pair may gain ground as the US Dollar (USD) may further depreciate, as traders expect the Federal Reserve (Fed) to cut rates at the September meeting.

On Friday, data showed that US Personal Spending unexpectedly fell in May, the second decline this year. Meanwhile, US Personal income dropped by 0.4% in May, the largest decrease since September 2021. The week ahead welcomes a slew of key US employment figures, which may further offer fresh impetus on the US Federal Reserve’s (Fed) policy outlook. Read more...

GBP/USD Weekly Outlook: Pound Sterling awaits central bank talks in the NFP week

The Pound Sterling (GBP) recovery gathered steam against the US Dollar (USD), driving the GBP/USD pair to the highest level since October 2021, above 1.3750. It was a clear win-win case for the higher-yielding Pound Sterling as the US Dollar gradually lost its safe-haven appeal amid yo-yo-ing sentiment surrounding the US Federal Reserve’s policy outlook.

Though the GBP/USD pair saw a bearish opening gap on Monday, it was quickly reversed as buyers jumped back with a bang. The Pound Sterling was sold off at the weekly open as investors scurried for safety in the US Dollar after markets reacted negatively to the weekend news of the US military involvement in the Israel-Iran conflict. Read more...

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FXStreet Team

FXStreet

EUR/USD eases modestly following the release of US data

EUR/USD is showing little reaction to the latest US releases. The pair is still stuck to familiar levels around 1.1650 following the release of upbeat US Retail Sales, up 0.6% in November. Inflation at wholesale levels in the country rose in November, according to the latest Producer Price Index release.

GBP/USD eases from tops, back to 1.3440

GBP/USD trades on a positive note on Wednesday, receding from earlier highs around 1.3460, now hovering in the 1.3440 region. US data failed to make an impression with the Greenback barely advancing following upbeat Retail Sales figures, hotter Producer Price Index.

Gold defies gravity near fresh record highs

Gold prices rapidly left behind Tuesday’s pullback and reached record highs near $4,640 on Wednesday, trading nearby in the American session. The yellow metal’s uptrend remains propped up by Fed rate cut bets, lower US Treasury yields across the curve, and absent speculative interest around the buck.

US Retail Sales expected to arrive moderately higher on Wednesday

The United States Census Bureau will publish November Retail Sales on Wednesday. The delayed data is expected to show that sales rose a modest 0.4% in the month, following no change in October. The figure is relevant as it corresponds most closely with the consumer spending component of Gross Domestic Product.

US economic outlook: January 2026

Jerome Powell's eight-year tenure as Chair of the Federal Reserve is coming to a close during a period of intense pressure on the US central bank and divided views among policymakers about the appropriate stance of monetary policy.

Meme Coins Price Prediction: DOGE, SHIB, and PEPE rally, catching Bitcoin's second wind

Meme coins such as Dogecoin, Shiba Inu, and Pepe recorded gains of 7% to 14% on Tuesday, signaling a potential reversal to the upside. DOGE and SHIB hold steady after the bounce back while the frog-themed PEPE extends gains, signaling further upside potential.