Pound Sterling Price News and Forecast: GBP/USD stabilizes ahead of US data

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GBP/USD Forecast: Pound Sterling stabilizes ahead of US data

GBP/USD stays under modest bearish pressure and trades at around 1.3550 after gaining about 0.3% on Thursday. Although the technical outlook is yet to point to a buildup in bearish momentum, the pair could find it difficult to hold its ground in case safe-haven flows dominate the action in financial markets heading into the weekend.

The US Dollar (USD) weakened against its rivals and allowed GBP/USD to stretch higher following the mixed macroeconomic data releases on Thursday. Read more...

GBP/USD bullish bias intact after CPI

Today’s US CPI release came in line with market forecasts, confirming that inflation is easing but without any major surprises. For the dollar, this result maintains the broader narrative of a softening macro backdrop—where growth momentum is cooling and rate cut expectations remain anchored.

From the UK side, inflation is still proving “sticky,” which has slowed the Bank of England’s path to easing compared to the Fed. This divergence continues to favor the pound over the dollar in the medium term. Read more...

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FXStreet Team

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GBP/USD slides below 1.3250 after failing to break through 23.6% Fibo

The GBP/USD pair meets with a fresh supply during the Asian session on Wednesday and moves away from a nearly two-week high around the 1.3275 region, touched the previous day. Spot prices currently trade around the 1.3235 zone, down 0.20% for the day, as traders look to speeches from Bank of England Governor Andrew Bailey and Federal Reserve Chair Kevin Warsh for a fresh impetus.

EUR/USD trims losses, back above 1.1400

The US Dollar’s correction motivates EUR/USD to bounce off earlier lows and reclaim the area beyond the 1.1400 hurdle on Wednesday. The pair’s rebound follows the loss of momentum in the Greenback following auspicious news over a final US-Iran deal.

Gold advances to weekly highs near $4,100

Gold keeps pushing higher and climbs to multi-day peaks near the $4,100 mark per troy ounce on Wednesday. The precious metal’s marked rebound comes in response to the US Dollar’s knee-jerk, a somewhat less hawkish tone from the Fed’s Warsh and positive headlines from the Middle East.

ISM Manufacturing PMI expected to signal continued expansion in the US

Attention shifts to Wednesday’s release of the June ISM Manufacturing Purchasing Managers Index, one of the most closely followed indicators of activity in the US manufacturing sector and an important barometer of the broader economy. Markets expect the headline index to remain unchanged at 54.

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as investors turn more risk-averse

The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.

Just like Fed, is BoJ’s independence under threat?

When talking about central bank independence, most of the focus has been on Donald Trump’s pressure on the Federal Reserve. But a similar story, a quieter one for now, seems to be happening on the other side of the Pacific: Japan’s government may be testing the Bank of Japan’s independence.