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

FXStreet Team FXStreet

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...

Author

FXStreet Team

FXStreet

EUR/USD stays weak near 1.1850 on firmer US Dollar

EUR/USD holds onto Friday’s losses near 1.1850 in the early European trading hours on Monday. The pair remains vulnerable to further downside as the US Dollar stays firm following President Donald Trump’s nomination of Kevin Warsh as the next Fed Chair. The focus now shifts to the US ISM Manufacturing PMI data.

GBP/USD drops below 1.3700 as markets mull a Fed under Warsh

GBP/USD stays under pressure below 1.3700 in the European morning on Monday. Traders weigh what a Federal Reserve under Kevin Warsh might look like, propping up the US Dollar at the expense of the Pound Sterling. The US ISM Manufacturing Purchasing Managers Index report is next of note later on Monday.

Gold extends decline on profit-taking, awaits US ISM PMI

Gold price tumbles to a three-week low below $4,550 during the early European trading hours, pressured by some profit-taking. The precious metal extends the decline after reaching historic highs last week amid signs of political stability in the United States as Kevin Warsh was selected to be the next Fed chair, easing concerns over the US central bank’s independence.

Bitcoin slips below $75,000 as selling pressure accelerates

Bitcoin (BTC) price falls below the $75,000 mark on Monday, having corrected nearly 11% in the previous week and reaching level not seen in nearly 10 months. Market momentum has clearly turned bearish, with technical indicators pointing to further downside toward the next key support at $70,000.

Global central banks hold steady as EMs signal easing ahead

Central banks across both G10 and emerging markets met this week, with most opting to keep policy rates unchanged. Canada, Sweden, Brazil and Chile all held rates steady. Beyond central bank decisions, the Eurozone's solid Q4 GDP growth bolstered the case for the ECB to keep policy rates unchanged next week.