Pound Sterling Price News and Forecast: GBP/USD remains under pressure as the US Dollar strengthens

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When are the UK data releases and how could they affect GBP/USD?

The United Kingdom (UK) docket has the Gross Domestic Product (GDP) and Industrial Production data for November to be released by the Office for National Statistics (ONS) on Thursday, later this session at 07:00 GMT.

UK Gross Domestic Product is expected to increase by 0.1% month-over-month (MoM) in November, swinging from the 0.1% decline in October. UK Industrial Production may rise 0.1% MoM in November, following 1.1% increase in October. Meanwhile, the annual production could fall 0.4% in the same month, following a 0.8% decrease prior. Read more...

GBP/USD Price Forecast: Eyes nine-day EMA barrier near 1.3450

GBP/USD remains steady for the second successive session, trading around 1.3430 during the Asian hours on Thursday. The momentum indicator 14-day Relative Strength Index (RSI) is at 51 (neutral) after retreating from overbought readings, indicating balanced momentum.

The 50-day Exponential Moving Average (EMA) edges higher, supporting the broader bias as the GBP/USD pair holds above it. The nine-day EMA slips and caps near-term recoveries, signaling a modest loss of momentum. A drop through the short-term average would tilt the bias lower toward the static floor, while holding above it would keep dips contained and favor renewed tests of overhead resistance. Read more...

GBP/USD rallies as Fed independence threats hammer Dollar

The British Pound extended its gains on Wednesday as the Greenback is punished by investors due to threats to the Federal Reserve’s independence and a verbal intervention by Japanese officials, boosted the Yen. The GBP/USD trades at 1.3461 up by 0.30%.

The US Dollar reversed course on Wednesday amid Fed’s independence threats by the Trump administration. On Sunday, the Fed Chair Jerome Powell revealed that the accusations are “pretexts” by the White House who’s not happy that the central bank is setting interest rates “based on our best assessment of what will serve the public, rather than following the preferences of the President.” Read more...

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EUR/USD weakens below 1.1650 as strong US data boosts Fed hold outlook

EUR/USD extends its losses for the third consecutive session, trading around 1.1640 during the Asian hours on Thursday. The pair loses ground as the US Dollar advances as a stronger-than-expected United States Producer Price Index and Retail Sales, along with last week’s easing Unemployment Rate, reinforced the case for the US Federal Reserve to keep interest rates on hold for the coming months.

GBP/USD holds above 1.3400 after UK GDP data

GBP/USD holds above 1.3400 in European trading, fading a spike to near 1.3450. The pair jumped on the upbeat UK growth and industrial data but failed to hold the uptick amid a broadly firmer US Dollar. The focus now turns to the mid-tier US data releases for further directives.

Gold trades near $4,600 after pulling back from record highs

Gold loses ground after hitting a fresh record high of $4,643 in the previous session, trading around $4,600 per troy ounce on Thursday. The non-interest-bearing Gold lost ground as a stronger-than-expected United States Producer Price Index and Retail Sales, along with last week’s easing Unemployment Rate, reinforced the case for the US Federal Reserve to keep interest rates on hold for the coming months.