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...

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EUR/USD looks mildly offered below 1.1750

EUR/USD comes under some mild selling pressure on Friday, partially fading Thursday’s strong pullback and revisiting the 1.1740 region on the back of a humble recovery in the US Dollar. Later in the day, investors’ attention will be on the release of US flash PMIs for the month of January.

GBP/USD flirts with two-week tops around 1.3530

GBP/USD extends its weekly firm performance and challenges the area of two-week peaks around 1.3530 on the back of a tepid bounce in the Greenback. Positive results from UK Retail Sales and preliminary PMIs appear to reinforce Cable's solid gains so far on Friday.

Gold shifts its focus to $5,000

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Bitcoin, Ethereum, and XRP face elevated downside risk amid weak technical setups

Bitcoin is struggling to stay above support at $89,000 at the time of writing, as headwinds intensify across the cryptocurrency market on Friday. Ethereum and Ripple are facing low retail and institutional demand, while bearish indicators continue to flash subtle signals that losses may extend further.

A tough road ahead for the Bank of Japan

The BoJ paused rates at 0.75%, expressing greater confidence in growth and reaching the 2% inflation goal. The challenge is balancing rate hikes to support JPY without slowing growth.

Tron Price Analysis: TRX extends gains as bullish breakout structure remains intact

Tron (TRX) price extends its gains, trading above $0.30 at the time of writing on Friday after retesting the previously broken bullish breakout structure earlier this week. The positive on-chain and derivatives data back the bullish price action.