Pound Sterling Price News and Forecast: GBP/USD struggles to lure buyers amid a modest US Dollar uptick

FXStreet Team FXStreet

GBP/USD holds steady above mid-1.3300s as traders await key data and BoE this week

The GBP/USD pair remains on the defensive during the Asian session on Monday, though it lacks bearish conviction and holds above the 200-day Simple Moving Average (SMA) pivotal support. Spot prices currently trade around the 1.3360 region, nearly unchanged for the day.

The US Dollar (USD) is looking to build on last week's modest bounce from an over two-month low and is turning out to be a key factor acting as a headwind for the GBP/USD pair. A slight deterioration in the global risk sentiment – as depicted by a generally weaker tone around the equity markets – is seen offering some support to the safe-haven buck. The USD bulls, however, seem reluctant to place aggressive bet amid dovish US Federal Reserve (Fed) expectations. Read more...

GBP/USD Weekly Forecast: Attention shifts to the BoE and hard data

The Pound Sterling (GBP) notched up a third straight week of gains, finally breaking through the 1.3400 mark. It’s been a steady climb, and one that says more about the other side of the pair than anything happening at home. Cable’s latest leg higher has come almost entirely on the back of renewed weakness in the Greenback, especially after the Federal Reserve (Fed) delivered an interest rate cut on Wednesday.

Looking ahead, the British Pound is likely to stay in the spotlight. A busy domestic calendar is lined up, with key UK data releases and the Bank of England (BoE) policy meeting on December 18 set to shape near-term direction. In the rates space, UK money markets have been far less decisive. Benchmark 10-year gilt yields chopped around during the week and ended barely changed, offering little in the way of fresh signals for FX traders. Read more...

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FXStreet Team

FXStreet

EUR/USD remains weak near 1.1800

EUR/USD remains on the back foot on Thursday, trading close to the 1.1800 support ahead of the opening bell in Asia. The pair’s pullback comes amid further gains in the Greenback, while investors keep assessing the ECB’s decision to leave its policy rates unchanged

GBP/USD drops to two-week low, around 1.3500

The GBP/USD pair adds to the previous day's dovish Bank of England-inspired heavy losses and drifts lower for the third straight day on Friday. The downward trajectory is sponsored by sustained US Dollar buying and drags spot prices to a two-week low during the Asian session, with bears now awaiting a break below the 1.3500 psychological mark before placing fresh bets.

Gold dip buyers emerge once again near $4,650

Gold bounces off $4,650 demand area yet again amid broad risk aversion. The US Dollar retreats from ten-day highs as buyers take a breather after the recent uptrend. Technically, Gold’s bullish trend remains intact, with dip-buying a key trading strategy.

Bitcoin and top cryptos plummet further as analyst terms market crash 'structural'

Bitcoin has declined below $65,000 on Thursday, down 11% over the past 24 hours. The move marks its largest decline since the October 10 leverage flush. Since then, the top crypto has erased more than 50% of its value since the October 10 leverage flush.

The AI mirror just turned on tech and nobody likes the reflection

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