Pound Sterling Price News and Forecast: GBP/USD slips below 1.30 as traders brace for FOMC’s decision

FXStreet Team FXStreet

GBP/USD slips below 1.30 as traders brace for FOMC’s decision

The Pound Sterling (GBP) is dropping 0.20% against the Greenback during the North American session as traders await the Federal Reserve's (Fed) monetary policy decision. Investors are also looking for an update on economic projections, which could lay the blueprint for what the Fed might do in the upcoming months. GBP/USD is trading at 1.2971 after hitting a daily high above 1.30. Read More...

Pound Sterling declines against US Dollar ahead of Fed-BoE policy decision

The Pound Sterling (GBP) corrects to near 1.2960 after failing to extend the rally above the key level of 1.3000 against the US Dollar (USD) in North American trading hours on Wednesday. The GBP/USD pair trades cautiously ahead of the Federal Reserve’s (Fed) monetary policy decision at 18:00 GMT. Read More...

GBP/USD slips below 1.3000 amid firm US Dollar ahead of Fed decision

GBP/USD edges lower, trading around 1.2990 during Asian hours on Wednesday after posting gains in the previous two sessions. The pair struggles as the US Dollar (USD) remains firm, supported by stable US Treasury yields ahead of the Federal Reserve’s (Fed) interest rate decision later in the day. Markets widely expect the Fed to hold rates steady amid persistent inflation concerns and economic uncertainty. Read More...

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EUR/USD stays weak near 1.1650 ahead of critical US events

EUR/USD stays in the red near 1.1650 in the European trading hours on Friday. The pair remains undermined by broad US Dollar strength and a cautious market mood. Traders keenly await the US Nonfarm Payrolls data and Supreme Court's ruling on Trump's tariff powers for further direction.

GBP/USD holds lower ground below 1.3450, with eyes on US data

GBP/USD remains subdued for the fourth consecutive day, while trading below 1.3450 in the European session on Friday. Markets remain in a wait-and-see mode before the key US event risks and prefer to hold the US Dollar, which weighs negatively on the pair. The US monthly jobs data and the Supreme Court decision on tariffs are awaited.

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Nonfarm Payrolls expected to show US labor market remained weak in December

The United States Bureau of Labor Statistics will release the Nonfarm Payrolls data for December on Friday at 13:30 GMT. Economists expect Nonfarm Payrolls to rise by 60,000 in December following the 64,000 increase recorded in November.

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