Pound Sterling Price News and Forecast: GBP/USD swings amid US tariff speculation, Trump comments

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GBP/USD swings amid US tariff speculation, Trump comments

The Pound Sterling begins the week on the front foot against the US Dollar after news emerged that US President-elect Trump's aides are considering tariffs on “certain sectors,” according to the Washington Post. Nevertheless, recent news headlines suggested that Trump backpedaled, saying the Washington Post story was wrong. The GBP/USD is trading volatile within the 1.2450 – 1.2550 range as market players diggest recent news. Read More...

GBP/USD holds positive ground near 1.2450 on US Dollar bullish

The GBP/USD pair extends the recovery to near 1.2440 during the early European session on Monday. However, the potential upside seems limited amid the Federal Reserve's (Fed) hawkish stance. Later on Monday, investors await the Fed’s Governor Lisa Cook speech for more cues about the US interest rate outlook this year. Read More...

GBP/USD holds steady above 1.2400; upside potential seems limited amid bullish USD

The GBP/USD pair struggles to capitalize on Friday's modest recovery gains and oscillates in a range, above the 1.2400 mark at the start of a new week. Spot prices, meanwhile, remain close to the lowest level since April 2024 touched last week and seem vulnerable to prolonging over a three-month-old downtrend on the back of a bullish US Dollar (USD). 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 keeps range around 1.3600 amid a pause in USD sell-off

GBP/USD holds its retreat from its highest level since May 11, ranging around the 1.3600 mark in the European session on Thursday. US Dollar sellers take a breather as markets assess whether the US Treasury buyback will be a game-changer. Attention now remains on US data and Middle East headlines for further trading impetus.

EUR/USD consolidates below 1.1700 as USD stabilizes

EUR/USD enters a bullish consolidation phase below 1.1700 in European trading on Thursday after touching its highest level since late May. Bulls now await a move beyond the 1.1700 mark before placing fresh bets, as the US Dollar stabilizes following the US Treasury's bond buyback plan-led slump. US Jobless Claims data are next in focus amid lingering Iran risks.

Gold sticks to losses below $4,500 as USD firms on hawkish FOMC minutes and Iran risks

Gold sticks to modest intraday losses through the Asian session and currently trades below the $4,500 mark, though it remains close to the highest level since early June, set earlier this Thursday. Against the backdrop of geopolitical uncertainties, the US Dollar stabilizes after the previous day’s slump to a three-month low amid hawkish FOMC Minutes. This prompts bulls to take some profits off the table and weighs on the bullion, though retreating US bond yields limit further downside.

Top Altcoins Price Forecast: Ripple rallies above $1, Solana eyes $85, Cardano eases gains

Top altcoins, such as Ripple, Solana, and Cardano, are holding steady on Thursday after a bullish rebound as the broader crypto market rebounds on US Treasury bond buybacks. The technical outlook for XRP and SOL suggests further upside, while ADA risks losing the recent gains. Ripple trades around $1.0951 following a 10% surge the previous day.

The bond coup

Yesterday was marked by a coup from the US Treasury, which suddenly announced that it will ‘at least double’ the maximum size of its buyback operations for longer-term debt, hoping to ease pressure on long-term yields and borrowing costs. Phoah! The markets reacted heavily to the news. The US 10-year yield fell sharply, while the 30-year yield dropped from its highest levels since 2007.

$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.