Pound Sterling Price News and Forecast: GBP/USD surges to one-week high

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GBP/USD surges to one-week high as weak ADP data and US government shutdown dent Dollar

The British Pound (GBP) advances sharply against the US Dollar (USD) on Wednesday, with GBP/USD climbing to a one-week high, reaching its strongest level since September 24, as the Greenback remains under broad pressure amid a weaker-than-expected ADP Employment Change report, the ongoing United States (US) government shutdown, and mounting bets on further Federal Reserve (Fed) interest rate cuts. Read More...

Pound Sterling refreshes weekly high against US Dollar

The Pound Sterling (GBP) posts a fresh weekly high near 1.3490 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair edges higher as the US Dollar underperforms its peers, with the United States (US) government entering a shutdown. Read More...

GBP/USD rises above 1.3450 on rising odds of further Fed rate cuts

GBP/USD extends its winning streak for the fourth successive session, trading around 1.3460 during the Asian hours on Wednesday. The pair may further appreciate as the US Dollar (USD) faces challenges after soft US jobs data increased the odds of Federal Reserve (Fed) rate cuts. The CME FedWatch Tool suggests that markets are now pricing in nearly a 97% chance of a Fed rate cut in October and a 76% possibility of another reduction in December. Read More...

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GBP/USD eases from tops, retests 1.3630

GBP/USD clings to its daily gains, although it gives away some gains and recedes toward the 1.3630 region on Thursday. Cable’s uptick comes despite the bounce in the Greenback, which manages to regain some balance in the wake of Wednesday’s deep pullback.

EUR/USD turns negative near 1.1670

EUR/USD now trades with modest losses around 1.1670, coming all the way down from earlier tops beyond 1.1700 the figure. The pair’s decline follows the acceptable rebound in the US Dollar as market participants continue to closely follow developments from the US money market.

Gold comes under pressure below $4,500

Gold faces some correction and slips back below the key $4,500 mark per troy ounce on Thursday. The precious metal’s daily decline comes amid the slightly improvement in the US Dollar and rising US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP extend gains as ETFs inflows and improved sentiment boost outlook

Cryptocurrency prices are extending gains on Thursday, led by Bitcoin’s (BTC) climb above $70,000. Ethereum (ETH) remains bullish, trading above $2,200, while Ripple (XRP) has recovered above $1.15 as bulls tighten their grip.

US Treasury doubles long-dated bond buybacks: Why are yields rising again?

US Treasury yields stabilize on Thursday after Wednesday’s sharp decline, with the 10-year yield edging back up to 4.672%. The US Treasury doubled the size of some long-dated debt buybacks, a surprise decision that helped ease the recent surge in yields.

$20 billion offered, $2 billion taken: Why Treasury doubled its buyback cap

The US Treasury moved off its own calendar on Wednesday, and that is the part worth sitting with. At 12:32 GMT, the department said it would at least double the size of liquidity support buyback operations in the 10-year to 20-year and 20-year to 30-year sectors, lifting the maximum from $2 billion per operation to at least $4 billion, effective September 9 and running to November 4.