Pound Sterling Price News and Forecast: GBP/USD slips as 2004-era US yields lift the US Dollar

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British Pound slips as 2004-era US yields lift the US Dollar

The Pound Sterling (GBP) drops some 0.38% against the US Dollar (USD) on Tuesday as the latter continues to appreciate, even though US Consumer Confidence deteriorated and jobs data confirmed the strength of the US labor market. At the time of writing, GBP/USD trades at 1.3205, after peaking at 1.3258. Read More...

British Pound recovers slight losses against US Dollar, JOLTS data eyed

The British Pound (GBP) claws back some of its early losses, but is still 0.14% down at around 1.3235 against the US Dollar (USD) during the European trading session on Tuesday. The GBP/USD pair recovers slight gains as the US Dollar Index (DXY) retreats after revisiting its two-month high of 101.50 to near 101.35. Read More...

GBP/USD Price Forecast: Fresh downside leg likely below 1.3200

The British Pound (GBP) is down 0.15% at around 1.3234 against the US Dollar (USD) during the early European trading session on Tuesday. The GBP/USD pair is under pressure as the US Dollar trades firmly ahead of the United States (US) JOLTS Job Openings data for August, which will be published at 14:00 GMT. Read More...

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

AUD/USD hits nine-week lows below 0.7000 on RBA Bullock's remarks

AUD/USD reverses a brief uptick and turns lower to hit nine-week lows below 0.7000 in the European morning on Tuesday, as traders digest cautious remarks from Reserve Bank of Australia (RBA) Governor Michele Bullock during the press conference. Earlier on, the RBA raised the cash rate to 4.60%, as widely expected, leaving the door open to further rate hikes if needed.

USD/JPY consolidates near 157.50 as a bullish USD counters intervention risks

USD/JPY struggles to capitalize on the overnight bounce from a one-week low, consolidating around 157.50 in the Asian session on Tuesday. Trump's concerns about the Japanese Yen's weakness fueled speculation about another US-Japan joint intervention. This, along with the hawkish BoJ, underpins the JPY and caps the currency pair. Meanwhile, rising Fed rate-hike bets and oil-driven inflation fears continue to push US bond yields to multi-year highs, keeping the US Dollar pinned near a two-month high and supporting the pair.

Gold trims gains; back toward $4,150

Gold now surrenders some of its initial advance and retests the $4,150 zone per troy ounce on Tuesday. Meanwhile, the move higher in the yellow metal comes despite the firmer US Dollar and rising US Treasury yields across the board, while escalating geopolitical tensions appear to limit the downside potential.

Crypto Today: Bitcoin, Ethereum, XRP correct upward amid declining ETF inflows

The cryptocurrency market upholds a neutral-to-bullish bias on Tuesday, with Bitcoin edging closer to a breakout above $84,000. Altcoins mirror BTC’s outlook, with Ethereum holding above $2,700 and Ripple pushing past the reclaimed $1.50 level.

RBA recap: Rate hikes are on the table as demand stays too strong

The Reserve Bank of Australia unanimously tightened monetary policy, warning that inflation remained too high and that several upside risks had begun to materialise. Governor Michele Bullock said the Board would raise rates again if necessary.

Silver is more volatile than Gold ahead of PCE and NFP. This chart shows the positioning gap

The market’s attention is focused on American data this week, but there’s something only those with a trained eye may be looking at: Gold and Silver positioning gap. Financial markets are moving on fears, mostly related to persistently high energy prices driven by the Middle East war. Sure, the US Dollar (USD) is strong, but at what cost?