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Pound Sterling Price News and Forecast: GBP/USD recovers a major part of its intraday losses

FXStreet Team FXStreet

GBP/USD recovers a major part of its intraday losses, climbs back above mid-1.2500s

The GBP/USD pair attracted fresh sellers on Tuesday and dropped to the 1.2500 neighborhood, closer to its lowest level since May 2024 during the Asian session. Spot prices, however, manage to rebound a few pips from the daily trough and currently trade around mid-1.2500s, down just over 0.10% for the day. Read More...

GBP/USD churns ahead of quiet week

GBP/USD churned chart paper near the 1.2600 handle, finding thin gains through the day’s market window but failing to recapture the technical level as market flows do little to bolster the Pound Sterling. The UK side of the week’s economic calendar is constrained, and a fresh print of key US inflation data on Wednesday will give way to a shortened trading week on the US side as Americans prepare for their Thanksgiving holiday. Read More...

GBP/USD Price Forecast: Advances, yet remains below 1.2600

The Pound Sterling advances modestly against the Greenback on Monday, with market participants digesting US President-Elect Donald Trump's naming of Scott Bessent as Treasury Secretary. Bessent, an advocate for lower taxes and tariffs, was well-received by the markets as risk appetite improved. The GBP/USD trades at 1.2586, up 0.52%. 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.

AUD/USD falls to near 0.7100 after slipping below 50-day EMA

AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor bears gain control. The AUD/USD pair is holding a slight bearish tone however as it sits beneath both the nine-day and 50-day EMAs.

160.00: USD/JPY back near intervention territory after upbeat US jobs report

US Nonfarm Payrolls beat expectations by a wide margin in May, with 172K jobs added. The US Dollar rebounds after the release, helping USD/JPY recover from its intraday lows. Warnings from Japanese authorities continue to limit upside potential near the 160.00 threshold.

Gold targets $4,300 amid stronger Dollar

Gold faces increasing selling interest and navigates the area of three-month lows near the $4,300 mark per troy ounce on Friday. The precious metal’s decline comes as traders assess the stronger-than-expected NFP, while the bid bias in the Greenback and higher US Treasury yields also collaborate with the retracement.

Cardano hits five-year low even as Hoskinson clarifies "break" isn't an exit

Cardano (ADA) price is down 10% at press time on Friday, extending losses over 30% so far this week amid Charles Hoskinson's clarification that "break" isn't an exit.

Week ahead – Fed countdown begins amid US inflation data and geopolitical risks

Fed Chair Warsh’s first meeting approaches as key US inflation data could reshape expectations. Oil prices remain elevated as US-Iran talks continue; tariffs also return to the spotlight. ECB is expected to hike; will it be a one-off move or is July live?

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.

Pound Sterling Price News and Forecast: GBP/USD recovers a major part of its intraday losses

GBP/USD recovers a major part of its intraday losses, climbs back above mid-1.2500s

GBP/USD churns ahead of quiet week

GBP/USD Price Forecast: Advances, yet remains below 1.2600

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AUD/USD falls to near 0.7100 after slipping below 50-day EMA

160.00: USD/JPY back near intervention territory after upbeat US jobs report

Gold targets $4,300 amid stronger Dollar

Cardano hits five-year low even as Hoskinson clarifies "break" isn't an exit

Week ahead – Fed countdown begins amid US inflation data and geopolitical risks

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

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GBP/USD recovers a major part of its intraday losses, climbs back above mid-1.2500s

GBP/USD churns ahead of quiet week

GBP/USD Price Forecast: Advances, yet remains below 1.2600

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