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

FXStreet Team FXStreet

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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FXStreet

EUR/USD weakens below 1.1700 as Middle East tensions drive US Dollar strength

The EUR/USD pair trades with mild losses around 1.1685, the lowest since late January, during the early Asian session on Tuesday. The US Dollar gathers strength against the Euro as escalating tensions in the Middle East boost safe-haven currencies. The preliminary reading of the Harmonized Index of Consumer Prices from the Eurozone will be published later on Tuesday.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold defends bids as US-Iran war continues to fuel safe-haven flows

Gold retains positive bias for the fifth consecutive day on Tuesday as rising geopolitical tensions in the Middle East continue to underpin safe-haven assets. However, a bullish US Dollar keeps the bullion below its highest level since late January, set on Monday, warranting caution before positioning for any further appreciation.