Pound Sterling Price News and Forecast: GBP/USD rises as Fed rate cut bets grow, US shutdown risks loom

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GBP/USD rises as Fed rate cut bets grow, US shutdown risks loom

The GBP/USD pair advances on Monday as the US Dollar (USD) trims some of last week’s gains as a busy economic docket in the US approaches. The pair trades at 1.3430, up 0.24%. Read More...

Pound Sterling outperforms US Dollar amid US government shutdown risks

The Pound Sterling (GBP) extends its upside to near 1.3450 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair strengthens as the US Dollar slides further, with investors remaining cautious as the deadline of the United States (US) government shutdown approaches. Read More...

GBP/USD Price Forecast: Rises to near 1.3450, eyes nine-day EMA barrier

GBP/USD gains ground for the second consecutive session, trading around 1.3440 during the Asian hours on Monday. The short-term price momentum is weaker as the daily chart’s technical analysis shows that the pair remains below the nine-day Exponential Moving Average (EMA). Read More...

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British Pound eases to 1.3450 area following downwardly revised Manufacturing PMI data

The British Pound is trimming previous gains against the US Dollar on Monday, returning to the mid-range of the 1.3400s down from fresh seven-week highs, above 1.3500 earlier on the day. Weaker-than-expected UK manufacturing data added pressure on the Pound, which rallied at the Asian session opening, amid news of a halt to the hostilities in Iran.

EUR/USD challenges 1.1500 on Dollar’s recovery

EUR/USD now accelerates its downtrend and comes closer to the 1.1500 level on Monday. The pair’s correction follows the decent improvement in the US Dollar amid solid data US releases and easing concerns on the geopolitical front.

Gold holds steady above $4,050 as traders seem hesitant amid Mideast risks

Gold trades with a positive bias above $4,050 during the Asian session on Tuesday, as the US Dollar stalls the overnight bounce from its lowest level since June 17 amid receding Fed rate-hike bets and hopes for a US-Iran peace deal. However, reports of Iran strikes on a vessel near the Strait of Hormuz keep the geopolitical risk premium in play, limiting losses for the safe-haven buck and keeping the bullion confined within a familiar range below $4,100.

Morgan Stanley cuts Circle price target to $38 as stablecoin growth stirs concerns

Circle (CRCL) shares came under pressure on Monday after Morgan Stanley downgraded the company to underweight and sharply cut its price target. Morgan Stanley lowered its price target for Circle to $38 from $106, citing concerns over slower growth in USDC circulation and increasing pressure on the stablecoin issuer's core revenue model.

Palantir shares spike on Q2 beat

Palantir Technologies stock jumped 9% afterhours on Monday after reporting a solid beat for the fiscal second-quarter. The artificial intelligence and big data company earned $0.41 in adjusted earnings per share on revenue of $1.94 billion. The EPS figure bested the Wall Street consensus by 6 cents, and the revenue print was $130 million above the average analyst estimate.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.