Pound Sterling Price News and Forecast: GBP/USD struggles at 1.3000, yet remains flat

FXStreet Team FXStreet

GBP/USD Price Forecast: Struggles at 1.3000, yet remains flat

The Pound Sterling recovered some ground yet cannot hold firm above the 1.3000 figure against the Greenback. Absent data releases in the UK kept traders adrift to a goodish US Retail Sales report, along with a dip in unemployment claims. At the time of writing, the GBP/USD trades at 1.2991, virtually unchanged. Read More...

Pound Sterling faces pressure after upbeat US Retail Sales, lower jobless claims

The Pound Sterling (GBP) struggles to return above the psychological figure of 1.3000 against the US Dollar in Thursday’s New York session. The GBP/USD pair surrenders some of its intraday gains as the US Dollar rises after the release of the upbeat monthly Retail Sales for September and upbeat Initial Jobless Claims data for the week ending October 11. Read More...

GBP/USD seems vulnerable below 1.3000, its lowest level since August 20

The GBP/USD pair remains below the 1.3000 psychological mark during the Asian session on Thursday and is currently placed near its lowest level since August 20 touched the previous day. Meanwhile, the fundamental backdrop seems tilted firmly in favor of bearish traders and suggests that the path of least resistance for spot prices is to the downside. Read More...

Author

FXStreet Team

FXStreet

EUR/USD remains heavy near 1.1600 after hot EU inflation data

EUR/USD remains heavily offered near 1.1600, six-week lows, in the European session on Tuesday. The pair fails to find any inspiration from a surprise pick up in Eurozone inflation for February, as the US Dollar continues to attract safe haven flows amid escalating geopolitical tensions in the Middle East.

GBP/USD attacks 1.3300, refreshing three-month lows

GBP/USD is deep in the red near 1.3300, accelerating its downside to renew three-month lows in European trading on Tuesday. The ongoing escalation in the Iran war, combined with rising Oil prices, weighs negatively on the higher-yielding Pound Sterling as the US Dollar capitalizes on increased haven demand.

Gold falls below $5,300 as stronger USD counter Middle East woes

Gold attracts some intraday selling and falls below $5,300 on Tuesday. The US Dollar climbs to a fresh high since January 20 and turns out to be a key factor exerting downward pressure on the commodity. However, concerns about a broader regional conflict in the Middle East continue to weigh on investors' sentiment and underpin demand for the traditional safe-haven bullion.

Stellar risks deeper losses as derivatives metrics turn negative

Stellar is trading red below $0.16 at the time of writing on Tuesday, after a slight recovery the previous day. Weakening derivatives data caps the recovery, while an unfavorable technical outlook projects a deeper correction for the XLM token in the upcoming days.

Middle East conflict ramps up a gear as energy price spike rips through markets

It’s another risk off day as geopolitical headwinds continue to batter financial markets. Although markets calmed during the US session and US stocks managed to post gains on Monday, this has not fed through to the European session, and stocks and bonds are sharply lower for a second day.

Hyperliquid Price Forecast: HYPE rises on commodities demand amid US-Iran war

Hyperliquid (HYPE) steadies above $33 at press time on Tuesday, marking its fourth consecutive day of recovery in a broadly volatile market due to the ongoing US-Israel strikes on Iran.