Pound Sterling Price News and Forecast: GBP/USD sterling rejected at resistance [Video]

FXStreet Team FXStreet

EUR/USD and GBP/USD overview [Video]

The EUR/USD is expected to make a bullish reversal at the key support decision zone but a breakout above the moving averages remains critical.

The GBP/USD is looking to test the support trend line again, which could create a larger triangle chart pattern. The breakout direction should be bearish. Read more...

GBP/USD Forecast: Sterling rejected at resistance, long list of worries could send it lower

If at first, you don't succeed, try, try again – but what happens if that second attempt fails? GBP/USD has been rejected at the critical 1.3895 level in what could prove as a decisive blow to its recovery. There may be more in store.

The most recent downside driver is China's persistent pursuit of its tech companies. Beijing is reportedly mulling breaking up AliPay, the financial arm of Alibaba, a company owned by billionaire Jack Ma. The curb against companies in the world's second-largest economy is weighing on global stocks and supporting the safe-haven dollar. Read more...

GBP/USD Price Analysis: Recovers early lost ground, upside seems limited amid stronger USD

The GBP/USD pair recovered over 40 pips from sub-1.3800 levels and climbed to the top end of its daily trading range, around the 1.3835-40 region heading into the North American session.

The risk-on impulse in the equity markets, along with a modest pullback in the US Treasury bond yields kept a lid on the intraday uptick for the safe-haven US dollar to two-week tops. This, in turn, was seen as a key factor that extended some support to the GBP/USD pair. Read more...

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FXStreet Team

FXStreet

EUR/USD looks sidelined below 1.1600

EUR/USD remains on the back foot in the latter part of the NA session on Thursday, now attempting a consolidative theme in the sub-1.1600 region. A more cautious market mood, driven by the escalating conflict in the Middle East, together with broad-based strength in the US Dollar, is favouring the continuation of the leg lower in spot.

GBP/USD stays offered near 1.3340

GBP/USD fades Wednesday’s uptick and trades with decent losses in the 1.3340 zone in the latter part of Thursday’s session. Cable’s weakness, alongside the rest of the risk complex, follows the strong performance of the Greenback amid intense geopolitical jitters.

Gold: further weakness could challenge $5,000

Gold comes under fresh selling pressure on Thursday, slipping back below the $5,100 mark per troy ounce. Persistent strength in the US Dollar (USD) is preventing the yellow metal from building a meaningful recovery, even as markets remain risk-averse amid the deepening conflict in the Middle East.

Crypto Today: Bitcoin, Ethereum, XRP hold weekly gains despite US-Iran war

The cryptocurrency market is gaining strength on Thursday, building on Wednesday's upswing, which saw Bitcoin reach a weekly high above $74,000. Ethereum and Ripple are moderating their recent gains amid uncertainty stemming from the escalating war in the Middle East.

Two PMIs, two Chinas

China’s economic data are often treated with a degree of caution by global investors. The challenge is not necessarily that the numbers are incorrect, but that they can describe very different parts of a vast and complex economy. Nowhere is that more evident than in China’s PMIs.

Ripple tests recovery strength amid steady ETF inflows, growing retail interest

Ripple (XRP) continues to demonstrate notable resilience as the cryptocurrency market navigates the persistent war in the Middle East after the United States (US) and Israel attacked Iran on Saturday.