Pound Sterling Price News and Forecast: GBP/USD retreats from a peak amid the emergence of USD buying

FXStreet Team FXStreet

GBP/USD trades with negative bias above 1.3500 ahead of BoE Monetary Policy Report Hearings

The GBP/USD pair attracts some sellers during the Asian session on Tuesday and erodes a part of the overnight strong move up to the 1.3560 area, or a multi-day peak. Spot prices drop to the 1.3515 area, or a fresh daily low in the last hour amid a modest US Dollar (USD) uptick, though the fundamental backdrop warrants some caution for bearish traders.

The USD Index (DXY), which tracks the Greenback against a basket of currencies, rebounds from a six-week trough touched on Monday and turns out to be a key factor exerting downward pressure on the GBP/USD pair. Any meaningful USD appreciation, however, seems elusive in the wake of the growing acceptance that the Federal Reserve (Fed) will lower borrowing costs further this year amid signs of easing inflationary pressures. Read more...

GBP/USD rebounds as trade woes weigh on Greenback

GBP/USD jumped on Monday, kicking off the June trading window by climbing back above 1.3550 after a broad-market weakening in Greenback flows. Trade frictions continue to weigh on the US Dollar, and Cable traders are leaning into the bullish side ahead of the Bank of England’s (BoE) latest Monetary Policy Report hearings before British parliament on Tuesday.

The Trump administration hit another flurry of trade headlines on Monday; Donald Trump announced late lasts week that he intended to double tariffs on all steel imported into the US to 50% beginning next week. President Trump announced the new trade measure during a speech to a United Auto Workers union rally last Friday. China has responded to the Trump administration’s accusations that China is violating early trade terms that the two countries tentatively reached during sideline meetings in Switzerland in May. Read more...

GBP/USD steadies near 1.3540 as the US Dollar struggles under global pressure

The British Pound (GBP) bounces back at the start of the week, advancing against the US Dollar (USD) on Monday and trimming last week’s losses. The GBP/USD pair is rebounding modestly as investors pare back US Dollar holdings amid lingering uncertainty over the global economic outlook.

At the time of writing, the GBP/USD pair is trading near 1.3540, easing from the intraday high of 1.3559. The pair experienced a sharp rally earlier in the day but struggled to maintain gains as buying interest waned amid a cautious market tone. Read more...

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FXStreet Team

FXStreet

EUR/USD hovers around nine-day EMA above 1.1800

EUR/USD remains in the positive territory after registering modest gains in the previous session, trading around 1.1820 during the Asian hours on Monday. The 14-day Relative Strength Index momentum indicator at 54 is edging higher, signaling improving momentum. RSI near mid-50s keeps momentum balanced. A sustained push above 60 would firm bullish control.

GBP/USD holds medium-term bullish bias above 1.3600

The GBP/USD pair trades on a softer note around 1.3605 during the early European session on Monday. Growing expectation of the Bank of England’s interest-rate cut weighs on the Pound Sterling against the Greenback.

Gold sticks to gains above $5,000 as China's buying and Fed rate-cut bets drive demand

Gold surges past the $5,000 psychological mark during the Asian session on Monday in reaction to the weekend data, showing that the People's Bank of China extended its buying spree for a 15th month in January. Moreover, dovish US Federal Reserve expectations and concerns about the central bank's independence drag the US Dollar lower for the second straight day, providing an additional boost to the non-yielding yellow metal.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Weekly column: Saturn-Neptune and the end of the Dollar’s 15-year bull cycle

Tariffs are not only inflationary for a nation but also risk undermining the trust and credibility that go hand in hand with the responsibility of being the leading nation in the free world and controlling the world’s reserve currency.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Bitcoin, Ethereum, and Ripple prices consolidated on Monday after correcting by nearly 9%, 8%, and 10% in the previous week, respectively. BTC is hovering around $70,000, while ETH and XRP are facing rejection at key levels. Traders should be cautious: despite recent stabilization, upside recovery for these top three cryptocurrencies is capped as the broader trend remains bearish.