Pound Sterling Price News and Forecast: GBP/USD remains strong near 1.3370

FXStreet Team FXStreet

GBP/USD edges higher above 1.3350 as Trump’s attacks on Powell threaten Fed’s independence

The GBP/USD pair trades in positive territory around 1.3370 during the early Asian session on Tuesday. Fears of a slowdown in the United States (US) and concerns over the Federal Reserve (Fed) independence drag the US Dollar (USD) lower and create a tailwind for a major pair.

US President Donald Trump slammed the Fed’s Powell for continuing to support a “wait and see” mode on the monetary policy until greater clarity over how the new tariff policy will shape the economic outlook. Trump warned in a Truth Social post that the US economy would slow unless Powell lowered interest rates immediately. Read more...

GBP/USD soars toward 1.34 as traders question Fed’s independence

The Pound Sterling (GBP) rallies sharply by over 0.70% on Monday as investors grew distrustful of United States (US) policymakers after White House Economic Adviser Kevin Hassett stated that President Donald Trump is seeking ways to sack Federal Reserve (Fed) Chair Jerome Powell. Consequently, traders penalize the Greenback, pushing GBP/USD close to the 1.3400 figure.

The market mood turned sour as Washington threatened the Fed’s independence again. US equities are sinking, while the US Dollar Index (DXY), which reflects the buck’s value against a basket of six currencies including Cable, plummets over 1.09% to 98.31, levels last seen in March 2022. Read more...

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EUR/USD edges higher but faces resistance at 100-day EMA

The EUR/USD pair edges higher to near 1.1655 during the early European session on Monday. The US Dollar softens against the Euro amid renewed concerns over US Federal Reserve independence. Traders await the US Consumer Price Index inflation report on Tuesday.

GBP/USD rebounds from three-week low, eyes mid-1.3400s as Fed concerns weigh on USD

The GBP/USD pair attracts some buyers near a technically significant 200-day Simple Moving Average (SMA) and recovers slightly from a nearly three-week low, touched during the Asian session on Monday. Spot prices, for now, seem to have snapped a four-day losing streak and currently trade around the 1.3435 region, up 0.20% for the day.

Gold tests $4,600, then retreats despite geopolitical, Fed woes

Gold retreats from fresh record highs of $4,601 in the Asian session on Monday. Reports that US President Donald Trump is weighing a series of potential military options in Iran fuel the risk of a further escalation of geopolitical tensions will likely keep Gold underpinned despite the latest profit-taking pullback.

Top Crypto Gainers: Monero rises toward $600 record high as Story and Render extend gains

Monero leads the crypto market recovery, posting roughly 23% gains over the last 24 hours, suggesting renewed interest in privacy coins. Additionally, Story and Render with double-digit gains sustain bullish momentum.

2026 economic and market outlook

As an aggregate, key economic indicators point towards the global economy growing further in out 2026 Economic and Market outlook. In particular, the G20 countries, which account for roughly 80% of the total global GDP are projected to grow by 2.9% next year.

XRP trades under pressure amid weak retail demand

XRP presses down on the 50-day EMA support as risk-averse sentiment spreads despite a positive start to 2026. XRP faces declining retail demand, as reflected in futures Open Interest, which has fallen to $4.15 billion.