Pound Sterling Price News and Forecast: GBP/USD surges amid easing US trade tensions, ahead of BoE’s decision

FXStreet Team FXStreet

GBP/USD surges amid easing US trade tensions, ahead of BoE’s decision

The Pound Sterling remains bid for the third consecutive day, edges up 0.34% as the GBP/USD trades at 1.2519 above the 50-day Simple Moving Average (SMA) at 1.2501. Read More...

Pound Sterling surge pauses against US Dollar on upbeat US private employment data

The Pound Sterling (GBP) surrenders some gains above 1.2500 against the US Dollar in Wednesday’s North American session but is still 0.2% higher. The GBP/USD pair faces pressure above 1.2500 as the US Dollar discovers some bids after the release of the upbeat United States (US) ADP Employment Change data for January. The ADP reported that the private sector hired 183K workers in January, higher than estimates of 150K and the prior release of 176K, revised significantly higher from 122K. Read More...

GBP/USD holds steady below 1.2500; softer USD acts as a tailwind

The GBP/USD pair struggles to capitalize on its strong gains registered over the past two days and consolidates near a one-week top, below the 1.2500 psychological mark during the Asian session on Wednesday. The downside, however, remains cushioned amid some follow-through US Dollar (USD) selling. Read More...

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

GBP/USD remains offered below 1.3600

GBP/USD resumes its decline, reversing Tuesday’s bullish attempt and breaking below 1.3600 the figure on Wednesday. Cable’s marked pullback follows a firm advance in the Greenback as investors continue to assess latest US data as well as the geopolitical landscape.

EUR/USD remains on the back foot around 1.1650

EUR/USD comes under renewed selling interest, slipping back to the mid-1.1600s ahead of the opening bell in Asia. Spot loses momentum on the back of solid gains in the US Dollar in a context of unabated geopolitical tensions and steady caution ahead of key US data releases and Chair Warsh’s speech at the Jackson Hole Symposium on Friday. Looking ahead, the ECB will publish its Accounts on Thursday.

Gold recovers from weekly low; trades above $4,600 on softer USD

Gold attracts some dip-buyers during the Asian session on Thursday, recovering part of the previous day's losses to the weekly low as the US dollar lacks follow-through amid Hormuz optimism and sliding US bond yields. Meanwhile, hot US PCE inflation data keeps Fed rate-hike bets on the table, acting as a tailwind for the buck and capping non-yielding bullion.

Bessent’s bond moves and dollar weaponization strengthen Bitcoin's case

US Treasury Secretary Scott Bessent’s recent actions have strengthened two of the strongest arguments for Bitcoin (BTC), according to Bitwise CIO Matt Hougan. In a late Tuesday note to investors, Hougan highlighted Bessent’s comments on CNBC and the US government’s increasing use of the dollar-based financial system as key developments that could support BTC’s long-term appeal.

60 days to pay: Nvidia is financing its own demand

The Jensen Huang-helmed Nvidia (NVDA) delivered its second-quarter earnings print with its stock roughly 11% beneath the peak it set in May and around 8% beneath where it traded in mid-August, on the day it told the market it would stand behind up to $105 billion of a single customer's rent. Then it beat everything. Revenue of $96.221 billion against a consensus near $92 billion.

Kevin Warsh’s Jackson Hole dilemma: Say too much, too little, or just enough

Kevin Warsh is preparing to deliver his first Jackson Hole speech as Federal Reserve (Fed) Chair on Friday, and expectations extend well beyond whether interest rates will be raised or left unchanged in September.