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

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 struggles to reclaim 1.3300 ahead of Fed rate call

GBP/USD trades marginally lower on the day below 1.3300 following a short-lasting recovery attempt in the early European session. The pair finds it difficult to gain traction as the US Dollar stays resilient against its major rivals ahead of the Federal Reserve’s policy decision. Meanwhile, renewed escalation in the Middle East and surging Oil prices weigh on market mood.

EUR/USD treads water below 1.1400; focus is on the Fed

EUR/USD trades in a tight range below 1.1400 on Wednesday as the US Dollar (USD) benefits from risk aversion amid the deepening crisis in the Middle East. Investors refrain from taking large positions ahead of the Fed’s policy decision, which could provide fresh directional impetus for spot.

Gold recedes to multi-day troughs below $4,000

Gold remains on the back foot on Wednesday, breaching below the psychological $4,000 level per troy ounce despite the US Dollar’s lack of direction. Escalating tensions in the US-Iran conflict weigh on the precious metal, while investors await the FOMC event later in the day.

Bitcoin slips below support, Ethereum and XRP flash bearish signals

Bitcoin, Ethereum and Ripple remain under pressure on Wednesday after a mild correction earlier this week. BTC slips below a key support zone, and ETH is testing a key resistance zone. Meanwhile, XRP is drifting toward the psychologically important $1.00 support level.

Federal Reserve set to hold interest rates steady, yet a hike can’t be ruled out

The United States (US) Federal Reserve (Fed) announces its interest rate decision on Wednesday, another pivotal meeting for markets to gauge the stance of policymakers as they assess how rising crude Oil prices could impact the inflation outlook.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.