Pound Sterling Price News and Forecast: GBP/USD stable

FXStreet Team FXStreet

GBP/USD stable: Sentiment shifts in favour of Sterling

The GBP/USD pair held around 1.3430 USD on Thursday, with the pound strengthening yesterday following better-than-expected UK economic growth data. These figures may shape market expectations for Bank of England policy in the coming months.

Since the start of January, sterling has made limited headway against the US dollar but has strengthened notably against the euro. Dollar sentiment remains cautious due to geopolitical tensions involving Iran and Greenland, as well as renewed comments from President Donald Trump questioning the Federal Reserve's independence. Read more...

GBP/USD Elliott Wave: Chopping lower in temporary decline

Back on November 13, while trading at 1.3190, we forecasted a major low and large rally for GBP/USD that may extend to 1.48. Cable, so far, has reached a high of 1.3567 and the pattern we are following appears incomplete.

GBP/USD appears to have completed wave 2 at the 1.3010 low on November 5. We know from our Elliott wave studies that this suggests a wave 3 rally. Wave 3 tends to have a similar size or Fibonacci proportions to the wave 1, or 2025 rally. Read more...

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EUR/USD holds firm above 1.1900 as US NFP looms

EUR/USD holds its upbeat momentum above 1.1900 in the European trading hours on Wednesday, helped by a broadly weaker US Dollar. Markets could turn cautious later in the day as the delayed US employment report for January will takes center stage.

GBP/USD recovers losses despite rising UK political risks, BoE rate cut bets

Pound Sterling advances against the US Dollar after registering modest losses in the previous session, trading around 1.3650 during the Asian hours on Wednesday. The pair could extend losses as the Pound Sterling faces pressure from rising political risks in the UK and growing expectations of near-term Bank of England rate cuts.

Gold sticks to gains near $5,050 as focus shifts to US NFP

Gold holds moderate gains near the $5,050 level in the European session on Wednesday, reversing a part of the previous day's modest losses amid dovish US Federal Reserve-inspired US Dollar weakness. This, in turn, is seen as a key factor acting as a tailwind for the non-yielding yellow metal ahead of the critical US NFP release.

US Nonfarm Payrolls expected to show modest job gains in January

The United States Bureau of Labor Statistics will release the delayed Nonfarm Payrolls data for January on Wednesday at 13:30 GMT. Investors expect NFP to rise by 70K following the 50K increase recorded in December.

Dollar drops and stocks rally: The week of reckoning for US economic data

Following a sizeable move lower in US technology Stocks last week, we have witnessed a meaningful recovery unfold. The USD Index is in a concerning position; the monthly price continues to hold the south channel support.

BNB prolonged correction signals deeper bearish momentum

BNB (BNB), formerly known as Binance Coin, is trading below $618 on Wednesday, marking the sixth consecutive day of correction since the weekend. The bearish price action is further supported by rising short bets alongside negative funding rates in the derivatives market.