Pound Sterling Price News and Forecast: GBP/USD struggles to extend five-day uptrend

FXStreet Team FXStreet

GBP/USD: Cable grinds above 1.2500 as BoE vs. Fed play intensifies, US jobs report eyed

GBP/USD aptly portrays the pre-NFP anxiety in markets during early Friday as it seesaws around 1.2530 by the press time. In doing so, the Cable pair also justifies the latest challenges to the upside momentum flagged from London. It’s worth noting, however, that the increase in the odds favoring the monetary policy divergence between the Bank of England (BoE) and the US Federal Reserve (Fed) in the future seems to have underpinned the Pound Sterling’s latest run-up.

That said, the fears that the higher rates will negatively affect the mergers and acquisitions at home, as well as the economic performance, seemed to have prodded the British dealmakers of late. “Activity in mergers and acquisitions in Britain is at its lowest level in seven years as dealmakers remain cautious about the economic outlook,” said The Times. Read more...

GBP/USD Price Analysis: Oscillates above 1.2500 as US PMI contraction vs. solid Employment divides Fed

The GBP/USD pair is oscillating after a stalwart rally above the psychological resistance of 1.2500 in the early Tokyo session. The Cable has turned sideways as investors are confused that whether Federal Reserve (Fed) policymakers will focus on consistently contracting United States ISM Manufacturing PMI or tight labor market conditions while designing the monetary policy for June month.

On Thursday, the US ISM reported a seventh straight contraction in US factory activity due to higher interest rates while the Automatic Data Processing (ADP) agency reported an addition of 278K fresh payrolls against the consensus of 170K. Read more...

Author

FXStreet Team

FXStreet

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.