Pound Sterling Price News and Forecast: GBP/USD remains vulnerable on broad USD strength

FXStreet Team FXStreet

GBP/USD Forecast: Pound Sterling remains vulnerable on broad USD strength

After posting large losses on Thursday and Friday, GBP/USD struggles to stage a rebound on Monday and trades in negative territory, slightly above 1.3400. The pair's technical outlook suggests that the bearish bias remains intact in the short term.

The US Dollar (USD) outperforms its rivals as fears over an economic downturn in the United States (US) ease. The European Union (EU) and the US announced over the weekend that they have reached a framework trade deal that sets a blanket 15% tariff on goods traded between them. Additionally, European Commission President Ursula von der Leyen noted that they will not impose retaliatory tariffs and said they will invest $600 billion in the US on top of existing expenditures. Read more...

GBP/USD Weekly Outlook: Pound Sterling recovery loses momentum ahead of a big week

The Pound Sterling (GBP) staged a solid comeback from two-month lows against the US Dollar (USD) before GBP/USD buyers ran into the 1.3600 hurdle.

Despite its retracement in the second half of the week, the GBP/USD pair closed the week with gains as the USD registered its biggest weekly drop in a month. Read more...

GBP/USD outlook: Under increased downside pressure

Cable remains under increased pressure and heads south for the second straight day (down 1% in two days). Persistent weakness in Britain’s business activity, increasing pace of cutting jobs and growing concerns about government’s finances, weigh heavily on sterling.

Pound accelerated sharply lower after repeated failure at strong technical resistance at 1.3576 (daily Kijun-sen / 50% retracement of 1.3788/1.3364 drop) with penetration of rising daily Ichimoku cloud (1.3476 – cloud top, reinforced by daily Tenkan-sen / 50% retracement of 1.3364/1.3588 recovery leg), adding to growing negative signals from MA’s being in bearish setup and strengthening negative momentum. Read more...

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EUR/USD seems fragile below 1.1700 as Middle East war boosts energy prices

The EUR/USD pair trades flat at around 1.1680 during the Asian trading session on Tuesday, but broadly seems vulnerable, being close to its five-week low. The major currency pair is under pressure as surging oil prices due to the United States-Israel war with Iran have increased the risks of higher inflation for the Old Continent.

GBP/USD hovers around 1.3400 with bearish pressure intact

GBP/USD edges higher after three days of losses, trading around 1.3400 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.

Gold sticks to gains above $5,350 amid sustained safe-haven demand; firmer USD caps gains

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Stellar risks deeper losses as derivatives metrics turn negative

Stellar is trading red below $0.16 at the time of writing on Tuesday, after a slight recovery the previous day. Weakening derivatives data caps the recovery, while an unfavorable technical outlook projects a deeper correction for the XLM token in the upcoming days.

The market is not panicking it is repricing the probability distribution of Oil and time

At the end of the day, markets do not trade morality or geopolitics. They trade transmission channels. And the only channel that truly matters in this maelstrom runs through the price of energy and the time value of money.

Hyperliquid Price Forecast: HYPE rises on commodities demand amid US-Iran war

Hyperliquid (HYPE) steadies above $33 at press time on Tuesday, marking its fourth consecutive day of recovery in a broadly volatile market due to the ongoing US-Israel strikes on Iran.