Pound Sterling Price News and Forecast: GBP/USD sinks as USD shrugs off Hormuz reopening hopes

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British Pound sinks as USD shrugs off Hormuz reopening hopes

The Pound Sterling dives over 0.17% even though newswires reported Tehran’s intention to reopen the Strait of Hormuz, if the United States meets certain conditions. The GBP/USD trades at 1.3343 after peaking at 1.3387. Read More...

British Pound reverses earlier gains as UK Public Sector Net Borrowing surges

The British Pound (GBP) is giving back earlier gains against the US Dollar (USD) on Tuesday as data from the UK revealed that public sector borrowing increased beyond expectations in August, rekindling market concerns about government finances. The GBP/USD pair has retreated to levels below 1.3370, from session highs at the 1.3390 area, although it remains contained within the last few days’ range. Read More...

GBP/USD Price Forecast: Turns flat after breakdown below 1.3400

The British Pound (GBP) is 0.15% higher at around 1.3385 against the US Dollar (USD) during the European trading session on Tuesday. The GBP/USD pair gains as the US Dollar is slightly under pressure ahead of meeting between leaders from the United States (US) and Gulf nations. Read More...

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AUD/USD picks up bids above 0.7100 after RBA-speak

AUD/USD picks up bids above 0.7100 in the Asian session on Tuesday, following hawkish comments from RBA Assistant Governor Sarah Hunter and Governor Michele Bullock. However, escalating tensions in the Middle East and the Fed's hawkish outlook remain supportive of the bullish US Dollar undertone, which could limit the pair. The crucial Trump-Xi summit is later this week and remains in focus.

USD/JPY holds small gains near 157.50 as JPY intervention risks loom

USD/JPY posts modest gains while trading near 157.50 in the Asian session on Tuesday as intervention fears help limit losses for the Japanese Yen. However, the BoJ's dovish rate hike to a 31-year high keeps JPY bulls on the back foot. Meanwhile, the US Dollar retains a bullish undertone amid the Fed's hawkish outlook and escalating Middle East tensions, providing tailwinds for the pair.

Gold: The $4,300 mark holds the downside…for now

Gold extends its decline for a second straight session, retreating toward the $4,300 mark per troy ounce on Tuesday. The yellow metal’s pullback comes amid the resumption of the buying interest in the US Dollar, mixed US Treasury yields and geopolitical uncertainty.

Trump meets Xi: Why markets are watching this summit so closely

US President Donald Trump and Chinese President Xi Jinping are set to meet in Washington on Thursday for a summit closely watched by markets. The meeting could determine whether the world's two largest economies extend their truce or enter a new period of uncertainty.

Energy and risk markets remain in the driver’s seat

US stock markets rallied up 2.26% (Nasdaq) yesterday with AI/tech names leading the advance. The Nasdaq even tested the all-time high reached early June. The likes of the S&P 500 and EuroStoxx50 recovered up to 1.5%. Positive risk vibes and lower energy prices supported consolidation on bond markets following the past month’s heavy losses. European yield curves bull steepened.

BoJ Recap: Not as hawkish as expected

The Bank of Japan (BoJ) raised its short-term interest-rate target to 1.25% from 1.00% in a 7-2 vote, marking another step in the normalisation of monetary policy and widely matching what everyone has been expecting for weeks.