Pound Sterling Price News and Forecast: GBP/USD rises above 1.3500

FXStreet Team FXStreet

GBP/USD rises above 1.3500 as BoE rate cut odds fade, US Dollar weaken

GBP/USD appreciates after registering slight losses in the previous session, trading around 1.3530 during the European hour on Monday. The pair remains stronger as the Pound Sterling (GBP) receives support from the fading odds of further BoE rate cuts, driven by persistent inflationary pressures in the United Kingdom (UK). Catherine Mann, a member of the BoE Monetary Policy Committee (MPC), stated last week that the bank rate should be held persistently to lean against inflation risks.

The Pound Sterling holds gains following low-tier data from the United Kingdom. The non-seasonally adjusted UK Nationwide Housing Prices climbed 2.1% year-on-year in August, easing from a 2.4% gain in July. On a monthly basis, prices fell 0.1%, against an expected 0.2% increase and a 0.5% previous rise. Read more...

GBP/USD presses resistance as Dollar softens into data-heavy week

Sterling starts September with a modest bid while the dollar eases, as traders look past the U.S. Labor Day lull to a run of American manufacturing readings and broader labor-market updates later in the week. A fresh dip in the greenback reflects elevated odds of a September Fed cut, with markets watching ISM manufacturing and employment components for confirmation. In the UK, house prices slowed on the month but still rose 2.1% on the year, leaving the pound broadly steady into today’s manufacturing PMI update.

On the 4-hour chart, GBP/USD is probing the late-August swing high near 1.3530. Price trades above both the short and medium weighted moving averages (around 1.3491–1.3495), and the prior pullback held at the 61.8% retracement near 1.3498—keeping the short-term up-sequence intact. Read more...

GBP/USD Weekly Forecast: Pound Sterling awaits US Jobs data for fresh direction

The Pound Sterling (GBP) regained ground against the US Dollar (USD), albeit within the August 22 trading range. The GBP/USD pair gradually crawled back above the 1.3500 barrier on the renewed upside.

GBP/USD entered a consolidative mode following a late rebound last week. The bull-bear tug-of-war extended, but bargain-buying remained in vogue, courtesy of a broad-based US Dollar decline. Read more...

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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 benefits from a retreating USD; reduced Fed rate cut bets cap gains

Gold attracts some buyers for the second consecutive day on Thursday amid a modest US Dollar pullback from an over three-month high, though it remains below the $5,200 mark. 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.