Pound Sterling Price News and Forecast: GBP/USD rises as the US Dollar comes under pressure

FXStreet Team FXStreet

GBP/USD hovers near six-month highs, 1.3300, eyes on US-UK trade discussions

GBP/USD continues its upward momentum from April 8, trading near 1.3280 during Friday's Asian session. The pair is buoyed by a weakening US Dollar (USD), as concerns grow over the economic impact of tariffs on the United States. While market participants monitor developments in US trade talks, trading activity is expected to remain light due to the Good Friday holiday.

The USD found some support after hawkish remarks from Federal Reserve Chair Jerome Powell, who cautioned that a sluggish economy coupled with persistent inflation could challenge the Fed’s dual mandate and increase stagflation risks. According to the CME FedWatch Tool, traders are pricing in around 86 basis points of rate cuts by the end of 2025, with the first expected in July. Read more...

GBP/USD holds steady near 1.3250 after mixed US economic data

The Pound Sterling (GBP) remains steady against the US Dollar (USD) on Thursday after United States (US) economic data suggested that the labor market remains solid, while housing data was mixed. At the time of writing, GBP/USD is trading at 1.3250, up 0.11%.

The US economic docket was slightly busy with the release of Initial Jobless Claims, which came below estimates, a positive reading for the jobs market. Claims in the week ending April 12 rose by 215K, down from 224K, beneath forecasts of 225K. Read more...

GBP is consolidating recent rally – Scotiabank

Pound Sterling (GBP) is entering Thursday’s American session flat against the US Dollar (USD) with relative gains against all of the G-10 currencies with the exception of Swedish Krona (SEK) and Norwegian Krone (NOK), Scotiabank's Chief FX Strategist Shaun Osborne notes.

"The absence of domestic data releases and central bank events leaves the pound vulnerable to trading on broader developments and the market tone, with some risk from the ECB as well. We see the balance of risk as being tilted to the upside, and remain bullish GBP from a longer-term perspective." Read more...

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FXStreet Team

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AUD/USD eyes 0.70 as China GDP surprise powers rally

The Australian Dollar registers two days of consecutive gains versus the US Dollar, trading at 0.6980, up more than 0.50% as risk appetite improved, while the Aussie was supported by strong data on China’s GDP and Retail Sales.

USD/JPY struggles near 158.00 amid hawkish BoJ, subdued USD

USD/JPY remains defensive near 158.00 in the Asian session on Monday, as the US Dollar remains depressed near a two-week low amid the recent decline in US bond yields. Furthermore, looming intervention risks underpin the Japanese Yen and weigh on the pair amid BoJ Governor Kazuo Ueda's hawkish remarks. However, Fed rate-hike bets and geopolitical uncertainties could limit USD losses and the major.

Gold drops to daily lows below $4,150

Gold builds on Friday’s retracement and slips back below the $4,150 mark per troy ounce on Monday. The better tone in the US Dollar and a decent bounce in US Treasury yields across the curve keep the yellow metal under pressure for now.

Multicoin’s top holding is Hyperliquid as HPC pushes SEC on airdrop rules

Multicoin Capital has identified Hyperliquid as the largest holding in its hedge fund, reaffirming its commitment to crypto investments despite growing interest in artificial intelligence.

The US Dollar fell. Gold didn't rally. That tells you everything

Gold is struggling to capitalize on a weaker US Dollar, after repeatedly failing to establish itself above the $4,200 level. The precious metal remains confined to a relatively narrow trading range despite a combination of developments that would normally support higher prices.

The US Dollar fell. Gold didn't rally. That tells you everything

Gold (XAU/USD) is struggling to capitalize on a weaker US Dollar (USD), after repeatedly failing to establish itself above the $4,200 level. The precious metal remains confined to a relatively narrow trading range despite a combination of developments that would normally support higher prices.