Pound Sterling Price News and Forecast: GBP/USD retreats from two-week high

FXStreet Team FXStreet

GBP/USD retreats from two-week high as US Dollar firms ahead of inflation data

The British Pound (GBP) edges lower against the US Dollar (USD) on Monday, snapping its recent advance as the Greenback firms ahead of Tuesday’s US Consumer Price Index (CPI) report. A modest rebound in the US Dollar is weighing on the Pound, with GBP/USD retreating from a two-week high reached earlier in the day. Read More...

Pound Sterling gains as traders trim BoE's interest rate cut bets

The Pound Sterling (GBP) trades higher against its peers at the start of the week as traders have trimmed expectations supporting further interest rate cuts by the Bank of England (BoE) in the remainder of the year. Read More...

GBP/USD consolidates just below mid-1.3400s; bullish potential seems intact

The GBP/USD pair kicks off the new week on a subdued note and consolidates its recent goodish recovery gains from the 1.3140 area, or the lowest level since April 14, touched earlier this month. Spot prices trade just below mid-1.3400s during the Asian session, nearly unchanged for the day, though the fundamental backdrop seems tilted in favor of bullish traders. Read More...

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FXStreet

EUR/USD edges lower below 1.1650 as Middle East tensions fuel US Dollar strength

The EUR/USD pair trades in negative territory around 1.1635 during the early Asian session on Thursday. The US Dollar strengthens against the Euro as escalating Middle East conflict boosts safe-haven flows. Traders brace for the Eurozone Retail Sales and US weekly Initial Jobless Claims reports, which will be released later on Thursday.

GBP/USD tests key moving averages as growth downgrade weighs

GBP/USD was nearly flat on Wednesday, edging up 0.08% to settle around 1.3370 in a quiet session. The pair has fallen sharply from its late-January high near 1.3870 and is now testing the 200-day Exponential Moving Average, with this week's one-week forex heatmap showing Pound Sterling as one of the worst performers against the US Dollar, down about 1.4% on the week.

Gold re-attempts $5,200 amid a softer USD; reduced Fed rate cut bets cap gains

Gold bounces toward $5,200 for the second consecutive day on Thursday amid a modest US Dollar weakness. Wednesday's upbeat US macro data further tempered hopes for three rate cuts by the Fed in 2026. Furthermore, escalating Middle East tensions might continue to benefit the USD's status as the global reserve currency and contribute to capping the bullion.