Pound Sterling Price News and Forecast: GBP/USD sinks as strong US data, weak UK Retail Sales weigh

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GBP/USD sinks as strong US data, weak UK Retail Sales weigh

The GBP/USD tumbles to a day's low after clearing the 1.3500 figure, following economic data from the United States (US) that justified the Federal Reserve’s need to maintain its current monetary policy. Conversely, UK Retail Sales disappointed investors after missing the mark. The pair trades at 1.3434, down 0.52%. Read More...

Pound Sterling underperforms as UK Retail Sales, PMI rose moderately

The Pound Sterling (GBP) weakens against its major peers on Friday as the United Kingdom (UK) Office for National Statistics (ONS) has reported that Retail Sales grew at a slower-than-projected pace in June. Read More...

GBP/USD softens to below 1.3500 ahead of UK Retail Sales release

The GBP/USD pair extends the decline to near 1.3490 during the Asian trading hours on Friday, pressured by renewed US Dollar (USD) demand. Traders prefer to wait on the sidelines ahead of US President Donald Trump's tariff deadline and the Federal Reserve (Fed) policy meeting next week. Later on Friday, the release of the UK June Retail Sales report will take center stage. Read More...

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AUD/USD sits at three-week highs above 0.7000 on hawkish RBA-speak

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Gold extends losing spree as US bond yields hold ground

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Zcash's bullish reversal eyes $1,698 peak on NU7 upgrade

Zcash (ZEC) shows signs of bullish recovery above $1,200 on Wednesday, following a 9% rebound the previous day linked to the upcoming NU7 upgrade. Blockworks released a Zcash holders report on Tuesday, highlighting steady network growth. The technical outlook for ZEC is bullish, with bulls eyeing an extended rally toward $1,698.

US – Midterm update: Pre-election tail risk scenarios

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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.