Pound Sterling Price News and Forecast: GBP/USD slips as Oil surge, Iran conflict boost US Dollar

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GBP/USD slips as Oil surge, Iran conflict boost US Dollar

The British Pound losses some ground versus the US Dollar on Monday as risk aversion keeps the Greenback bid, sponsored by the escalation of the Iran conflict. This triggered a sudden jump of oil prices, which are up 11%, retreating after gaining nearly 30% during the Monday’s Asian session. At the time of writing, GBP/USD trades at 1.3366, down 0.28%. Read More...

GBP/USD Price Forecast: Expects more downfall below 1.3250

The Pound Sterling is down 0.5% to near 1.3350 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair tumbles as the US Dollar (USD) outperforms its peers, with demand for safe-haven assets remaining firm, amid war in the Middle East between the United States (US), Israel, and Iran. Read More...

GBP/USD trades flat despite soft US jobs data

The British Pound (GBP) struggles for direction against the US Dollar (USD) on Friday, with GBP/USD consolidating after a short-lived spike following weaker-than-expected US labor market data. At the time of writing, the pair is trading around 1.3362, on course for a third straight weekly decline. 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.

GBP/USD bounces back above 1.3200 despite political drama in UK

GBP/USD extends the rebound above 1.3200 in the second half of the day on Friday but the pair is still down more than 1% for the week. Stronger-than-expected UK Retail Sales data seem to be helping the British Pound limit its losses, while the chaotic UK political environment keeps the bulls at bay.

EUR/USD recovers above 1.1450 on USD pullback

EUR/USD rebounds from the three-month low it touched below 1.1420 and holds above 1.1450 in the second half of the day on Friday. Still, the cautious market mood on growing uncertainty surrounding the next round of US-Iran talks makes it difficult for the pair to gather momentum.

Gold remains below $4,200, looks to post weekly losses

Gold struggles to gather recovery momentum and trades below $4,200 in the American session on Friday, pressured by the hawkish Fed tone and the renewed uncertainty surrounding the next round of US-Iran talks. Despite the bullish action seen in the first half of the week, XAU/USD remains on track to close in negative territory.

Solana extends correction despite ETF inflows, RWA adoption

Solana (SOL) price edges below $70 extending its losses for the fourth straight day this week. The institutional demand for Solana is building, with steady inflows so far this week and Morgan Stanley’s amended S-1 filing for a Solana-focused Exchange-Traded Fund.

Solana extends correction despite ETF inflows, RWA adoption

Solana (SOL) price edges below $70 on Friday, extending its losses for the fourth straight day this week. The institutional demand for Solana is building, with steady inflows so far this week and Morgan Stanley’s amended S-1 filing for a Solana-focused Exchange-Traded Fund.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.