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Pound Sterling Price News and Forecast: GBP/USD sterling gains yet fails to clear 1.3000 ahead of US Election

FXStreet Team FXStreet

GBP/USD Price Forecast: Sterling gains yet fails to clear 1.3000 ahead of US Election

The Pound Sterling trimmed some of last week's losses against the Greenback and registered gains of over 0.46% ahead of a busy economic schedule featuring US Presidential Elections. At the time of writing, the GBP/USD trades at 1.2971 after rebounding off daily lows of 1.2945. Read More...

Pound Sterling rises against US Dollar ahead of Trump-Harris battle, BoE-Fed policy

The Pound Sterling (GBP) gains sharply against the US Dollar (USD) in North American trading hours on Monday but continues to struggle near the psychological resistance of 1.3000. The GBP/USD pair aims for a firm footing above the key support of 1.2900 as the US Dollar plunges ahead of the United States (US) presidential election on Tuesday. Read More...

GBP/USD attracts some buyers above 1.2950, US presidential election looms

The GBP/USD pair jumps to near 1.2970 on the softer Greenback during the Asian trading hours on Monday. The US Dollar (USD) remains under some selling pressure after the weaker US Nonfarm Payrolls (NFP) data for October, which provides some support to the major pair. Read More...

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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.

AUD/USD drops to two-week low, further below 0.7000 after RBA's less hawkish rate hike

AUD/USD drifts lower for the second straight day on Tuesday, hitting a fresh two-week low during the Asian session after the Reserve Bank of Australia's (RBA) widely expected 25 bps rate hike. The decision was far from unanimous, with three members preferring to hold rates at 4.60%. This tempers expectations of further tightening, which, along with modest US Dollar strength, weighs on the currency pair.

USD/JPY fails near 159.00 amid weak USD, intervention risks

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Gold struggles below $3,950 amid Fed hike bets, ahead of US midterm elections

Gold weakens further below $3,950 during the Asian session, reversing part of the previous day's recovery from a one-year low set last week. Data released on Monday showed that US manufacturing sector business activity expanded for the 10th straight month in October. The Institute for Supply Management's Manufacturing PMI came in higher than consensus estimates and rose to 55.5 in October from 54.5 in the previous month. This reaffirms hawkish US Federal Reserve expectations, which along with rebounding US bond yields, prompt fresh selling around the non-yielding yellow metal.

Cardano extends losses as sellers stay in control

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What a split Congress means for the US Dollar

The United States is going to the polls on Tuesday, and much is at stake. The mid-term elections mean the renovation of roughly one-third of the Senate and all 435 of the House seats. Additionally, special elections in Florida and Ohio will be held to fill the seats vacated by US Secretary of State Marco Rubio and Vice President JD Vance.

The 2% inflation target came from a throwaway remark. It now moves trillions

The Federal Reserve's 2% inflation goal grew out of an off-the-cuff remark by a New Zealand politician in 1988. Bond investors still price long-term US debt as if 2% holds, so a change in how the Fed measures inflation would move markets.

Pound Sterling Price News and Forecast: GBP/USD sterling gains yet fails to clear 1.3000 ahead of US Election

GBP/USD Price Forecast: Sterling gains yet fails to clear 1.3000 ahead of US Election

Pound Sterling rises against US Dollar ahead of Trump-Harris battle, BoE-Fed policy

GBP/USD attracts some buyers above 1.2950, US presidential election looms

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AUD/USD drops to two-week low, further below 0.7000 after RBA's less hawkish rate hike

USD/JPY fails near 159.00 amid weak USD, intervention risks

Gold struggles below $3,950 amid Fed hike bets, ahead of US midterm elections

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What a split Congress means for the US Dollar

The 2% inflation target came from a throwaway remark. It now moves trillions

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GBP/USD Price Forecast: Sterling gains yet fails to clear 1.3000 ahead of US Election

Pound Sterling rises against US Dollar ahead of Trump-Harris battle, BoE-Fed policy

GBP/USD attracts some buyers above 1.2950, US presidential election looms

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