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Pound Sterling Price News and Forecast: GBP/USD surpasses 1.3000 as bullish momentum builds

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GBP/USD Price Forecast: Surpasses 1.3000 as bullish momentum builds

The Pound Sterling advanced against the Greenback during the North American session, with buyers reclaiming the 1.3000 figure and clearing the 100-day Simple Moving Average (SMA) resistance at 1.2982. At the time of writing, the GBP/USD trades at 1.3011, up by 0.43%. Read More...

Pound Sterling moves higher amid uncertainty over US election outcome

The Pound Sterling (GBP) gains slightly to near 1.2980 against the US Dollar (USD) in Tuesday’s North American session. The GBP/USD pair rises as the United States (US) presidential elections begin. The US Dollar Index (DXY), which gauges Greenback’s value against six major currencies, falls slightly to near 103.80. Read More...

GBP/USD holds steady near 1.2950 as traders await US presidential election result

The GBP/USD pair trades flat near 1.2950 during the early Asian session on Tuesday. Traders will closely monitor the outcome of the US presidential election. On Thursday, the attention will shift to the Bank of England (BoE) and the US Federal Reserve (Fed) monetary policy decisions. Read More...

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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 gains traction above 1.3400 as softer US CPI dampens Fed rate hike expectations

The GBP/USD pair gains ground to near 1.3405 during the early Asian session on Wednesday. The US dollar weakens against the British Pound as softer-than-expected US inflation in June tempered expectations for US Federal Reserve policy tightening. The release of the US June Producer Price Index report will be in the spotlight later in the day.

EUR/USD gathers strength above 1.1400 after soft US inflation data

The EUR/USD pair gains ground to near 1.1425 during the early Asian trading hours on Wednesday. The US Dollar weakens against the Euro as softer-than-expected US inflation data temporarily eased pressure on the Federal Reserve. Traders will take more cues from the US Producer Price Index report, which is due on Wednesday.

Gold bulls seem hesitant near $4,050 as Iran risks support USD despite reduced Fed hike bets

Gold steadies following the previous day's late pullback from $4,100 as reduced bets for a Fed rate hike keep the US Dollar on the back foot and support the non-yielding bullion. However, escalating US-Iran tensions keep the geopolitical risk premium in play and help the USD to hold above a multi-week low, touched after softer US consumer inflation figures on Tuesday. This acts as a headwind for the precious metal, warranting caution for aggressive bulls.

Ethereum climbs 7% amid declining inflation, weak retail and whale participation

Ethereum jumped more than 7% above $1,850 on Tuesday following a weaker-than-expected US Consumer Price Index report for June. The inflation data fell to 3.5% below expectations of 3.8%, marking a month-on-month decline of 0.4%, its largest monthly drop since May 2020. Core CPI also fell to 2.6% below forecasts of 2.8%.

Fed Chair Warsh reaffirms they will deliver price stability

While testifying on the Semiannual Monetary Policy Report before the US House Financial Services Committee, Fed Chairman Kevin Warsh reiterated that the Fed is making a commitment on price stability and the goal of 2% inflation.

Five sessions, one round trip: Why the whipsaw is exactly what Warsh ordered

Markets opened July with a December hike as the base case and spent five trading sessions unlearning and relearning it. A 57K payrolls print bled the tightening bets out of the strip; a re-shut Strait of Hormuz is pushing them back in. Wednesday's minutes from the June FOMC meeting landed mid-round-trip, describing a world that had already stopped existing.

Pound Sterling Price News and Forecast: GBP/USD surpasses 1.3000 as bullish momentum builds

GBP/USD Price Forecast: Surpasses 1.3000 as bullish momentum builds

Pound Sterling moves higher amid uncertainty over US election outcome

GBP/USD holds steady near 1.2950 as traders await US presidential election result

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GBP/USD gains traction above 1.3400 as softer US CPI dampens Fed rate hike expectations

EUR/USD gathers strength above 1.1400 after soft US inflation data

Gold bulls seem hesitant near $4,050 as Iran risks support USD despite reduced Fed hike bets

Ethereum climbs 7% amid declining inflation, weak retail and whale participation

Fed Chair Warsh reaffirms they will deliver price stability

Five sessions, one round trip: Why the whipsaw is exactly what Warsh ordered

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GBP/USD Price Forecast: Surpasses 1.3000 as bullish momentum builds

Pound Sterling moves higher amid uncertainty over US election outcome

GBP/USD holds steady near 1.2950 as traders await US presidential election result

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