Pound Sterling Price News and Forecast: GBP/USD slips below 1.3000 on risk aversion

FXStreet Team FXStreet

GBP/USD Price Forecast: Slips below 1.3000 on risk aversion

The Pound Sterling is losing some ground against the Greenback. Increasing tensions in the Middle East are spurring a risk-off environment despite China’s efforts to propel its economy. At the time of writing, the GBP/USD trades at 1.2997, down 0.38%. Read More...

Pound Sterling weakens against US Dollar amid uncertainty over US election

The Pound Sterling (GBP) weakens against its major peers at the start of the week. The British currency, which has suffered in the past weeks on the broad assessment that the Bank of England (BoE) will cut interest rates aggressively, could now be facing a different scenario after the release of strong United Kingdom (UK) Retail Sales data for September. Read More...

GBP/USD Price Forecast: Bears have the upper hand while below 1.3135 confluence

The GBP/USD pair struggles to capitalize on a two-day-old recovery move from the 1.2975 area, or a nearly two-month trough touched last Thursday and kicks off the new week on a softer note. Spot prices currently trade just below mid-1.3000s and seem vulnerable to prolonging the recent pullback from the 1.3435 region, or the highest level since March 2022. Read More...

Author

FXStreet Team

FXStreet

EUR/USD defends 1.1600 amid renewed US Dollar weakness

EUR/USD defends ground above 1.1600 in European trading on Friday. The US Dollar meets fresh supply amid a better market mood, despite receding bets for Fed rate cuts, lending some support to the pair. Fedspeak awaited.

GBP/USD grinds higher to 1.3400 as US Dollar turns south

GBP/USD edges higher to test 1.3400 in the European session on Friday after registering modest losses in the previous session. The pair draws support from a renewed bout of selling seen around the US Dollar as risk sentiment improves. The focus now turns to geopolitical developments and Fedspeak.

Gold steadies near $4,600 due to risk-on mood, Fed caution bets

Gold hovers around $4,600 during the early European hours on Friday. However, Gold prices fell amid decreasing safe-haven demand as geopolitical risks in Iran temporarily eased. US President Donald Trump signaled he may delay military action after Iran pledged not to execute protesters.