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Pound Sterling Price News and Forecast: GBP/USD remains volatile

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GBP/USD remains volatile after Powell’s speech in Jackson Hole, stays above 1.1800

The GBP/USD seesaws as Fed Chair Powell takes the stand at the Jackson Hole Symposium. During the day, the GBP/USD bounced off a daily low at 1.1775 and rallied sharply to a fresh daily high at 1.1900. However, as Powell finished his speech, the GBP/USD retraced from highs of the days towards the 1.1800 area. At the time of writing, the GBP/USD trades volatile, around the 1.1810 area. Read More...

GBP/USD holds steady below mid-1.1800 post-US PCE, focus remains on Fed’s Powell

The GBP/USD pair reverses an intraday slide to the 1.1775 region and refreshes the daily peak heading into the North American session, though lacks follow-through buying. Spot prices hold steady around the 1.1825-1.1830 region and move little in reaction to the US macro data. Read More...

GBP/USD needs to clear strong resistance at 1.1870 to gather bullish momentum

GBP/USD has managed to recover above 1.1800 on Friday ahead of FOMC Chairman Jerome Powell’s remarks at the Jackson Hole Symposium. The pair will reveal a buildup of bullish momentum on a break past 1.1870, FXStreet’s Eren Sengezer reports. Read More...

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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.

GBP/USD bounces off lows, back above 1.3200

After bottoming out near 1.3160, GBP/USD manages to regain a bit of shine and reclaim the 1.3200 mark and beyond at the end of the week. Stronger-than-expected UK Retail Sales data seem to be helping the British Pound limit its losses, while the chaotic UK political environment keeps the bulls at bay for now.

EUR/USD looks consolidative around 1.1460

EUR/USD stages a modest rebound after slipping to a three-month low below 1.1420 at the end of the week. That said, the pair now looks to consolidate humble gains just above 1.1460 despite growing uncertainty surrounding the next round of US-Iran negotiations, which keeps the US Dollar’s downside contained.

Gold slips back to six-day lows, targets $4,100

Gold retreats for the third consecutive day on Friday, eroding gains seen in the first half of the week and approaching the key $4,100 mark per troy ounce. Indeed, the precious metal continues to face headwinds from the Fed's hawkish stance and renewed uncertainty surrounding the next round of US-Iran negotiations.

Breaking: Iran closes the Strait of Hormuz amid ceasefire deal violation

Iran says it is closing the Strait of Hormuz after accusing the United States (US) and Israel of violating the ceasefire. According to Iran, the decision came over the continued Israeli strikes in Lebanon. The Iranian Revolutionary Guard Corps Navy issued a warning to all vessels: "Do not approach the Strait of Hormuz; otherwise, your security will be jeopardized."

The Iran war didn't break the US economy, but what happens next?

Nearly four months after the start of the Iran war, the US economy remains remarkably resilient. While the conflict initially triggered a severe disruption to global energy markets and a sharp rise in Oil prices, recent diplomatic progress between Washington and Tehran has eased concerns about a prolonged supply shock.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.

Pound Sterling Price News and Forecast: GBP/USD remains volatile

GBP/USD remains volatile after Powell’s speech in Jackson Hole, stays above 1.1800

GBP/USD holds steady below mid-1.1800 post-US PCE, focus remains on Fed’s Powell

GBP/USD needs to clear strong resistance at 1.1870 to gather bullish momentum

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GBP/USD bounces off lows, back above 1.3200

EUR/USD looks consolidative around 1.1460

Gold slips back to six-day lows, targets $4,100

Breaking: Iran closes the Strait of Hormuz amid ceasefire deal violation

The Iran war didn't break the US economy, but what happens next?

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

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GBP/USD remains volatile after Powell’s speech in Jackson Hole, stays above 1.1800

GBP/USD holds steady below mid-1.1800 post-US PCE, focus remains on Fed’s Powell

GBP/USD needs to clear strong resistance at 1.1870 to gather bullish momentum

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