Pound Sterling Price News and Forecast: GBP/USD remains in place below 1.2550

FXStreet Team FXStreet

GBP/USD Price Forecast: The bearish outlook remains in place below 1.2550

The GBP/USD pair posts modest gains to near 1.2520 during the early European session on Friday. Nonetheless, the upside of the major pair seems limited amid thin trading activity and the rising expectation that the US Federal Reserve (Fed) will deliver fewer rate cuts next year. Read More...

GBP/USD remains subdued near 1.2500 due to increased odds of fewer Fed rate cuts

GBP/USD remains subdued for the third successive day, trading around 1.2520 during the Asian hours on Friday. The downside can be attributed to thin trading activity following the Christmas holiday and a stronger US Dollar (USD), driven by growing expectations of fewer rate cuts by the US Federal Reserve (Fed). Read More...

GBP/USD hits 1.2550 amid low trading volume

The GBP/USD pair has seen a modest rise to 1.2550, as low trading volume characterizes the market this week due to the upcoming Christmas holidays. The pair has been consolidating, with minimal price action as the market adjusts to a quiet holiday period. Similarly, the US Dollar Index (DXY) is largely flat, hovering above 108.00, showing no significant changes as traders await further economic data. Read More...

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FXStreet

EUR/USD pops to yearly highs near 1.1770

EUR/USD rapidly reverses course and hits fresh YTD tops near 1.1780 at the end of the week. The pair’s U-turn comes on the back of the intense sell-off in the Greenback amid the generalised risk-on context.

GBP/USD climbs to four-month tops near 1.3600

GBP/USD is building on its solid weekly advance and is pushing toward the 1.3600 hurdle on Friday, or new four-month peaks. Cable’s strong move higher comes as the Greenback intensifies its decline, while auspicious results on the UK calendar also collaborate with the uptrend.

Gold picks up pace, approaches $5,000

Gold prices keep their uptrend well in place and gear up for an imminent hit to the key $5,000 mark per troy ounce on Friday. The yellow metal’s sharp advance gathers pace amid the increasing weakness in the US Dollar and mixed US Treasury yields across the curve.