Pound Sterling Price News and Forecast: GBP/USD strengthens as US data erodes Dollar support

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GBP/USD strengthens as US data erodes Dollar support

GBP/USD advances some 0.59% on Tuesday due to broad US Dollar weakness amid a scarce economic docket in the UK with investors awaiting the release of the UK Autumn budget. The pair trades at 1.3181, closing in the 1.3200 milestone. Read More...

GBP/USD inches lower to near 1.3100 as UK Gilts tick down

GBP/USD loses ground after three days of gains, trading around 1.3100 during the Asian hours on Tuesday. The Pound Sterling (GBP) came under pressure as UK 10-year Gilt yields edged lower to 4.54%, with investors awaiting the November 26 budget. Finance Minister Rachel Reeves is expected to find tens of billions of pounds to meet fiscal rules, while the OBR is set to downgrade growth and productivity forecasts. Read More...

GBP/USD steady near 1.3100 amid US holiday-shortened trading week

GBP/USD lost momentum on Monday, holding near 1.3100 as investors grapple with an extremely short week. US markets will be dark on Thursday for the American Thanksgiving holiday, and US markets will also be shuttered early on Friday, effectively constraining Cable traders to just a three-day trading week where markets on both sides of the Atlantic will be open at the same time. Read More...

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GBP/USD bulls seem hesitant as Hormuz ship attack supports safe-haven USD

The GBP/USD pair sticks to a positive bias for the second straight day, albeit it remains below the previous day's swing high and trades just below the 1.3200 mark during the Asian session on Friday. Furthermore, the fundamental backdrop warrants caution before positioning for any meaningful recovery from November 2025 lows, around the 1.3140 region, touched on Wednesday.

EUR/USD holds above mid-1.1300s amid Hormuz risks, bearish setup

The EUR/USD pair struggles to capitalize on the previous day's modest recovery gains and oscillates in a narrow band during the Asian session. Spot prices, however, hold above mid-1.1300s and the lowest level since May 2025, set on Thursday, warranting some caution for bearish traders.

Gold: Eyes on Death Cross and $3,950 support

Gold sellers return early Friday, with eyes on $3,950, despite easing Fed rate hike bets. The US Dollar catches a fresh haven bid amid global risk aversion and Hormuz tensions. Gold awaits Death Cross confirmation as RSI returns to the bearish zone on the daily chart.

Bitcoin slides to a fresh yearly low, Ethereum breaks down, XRP signals more losses

Bitcoin, Ethereum and Ripple remain under heavy selling pressure on Friday, falling over 7%, 9% and 8%, respectively, so far this week. BTC has fallen to a fresh yearly low, ETH slipped below key support, while XRP continues to lose momentum.

Asian stock markets plummet as Apple price hike raises inflation concerns, KOSPI dives over 8%

Asian equity markets on Friday are significantly down as price hikes announced by Apple Inc. due to memory chip shortages have prompted fears of high inflation globally and concerns on earning projections of various companies that rely on these sophisticated chips for their final products.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.