Pound Sterling Price News and Forecast: GBP/USD regains positive traction on Monday amid some USD selling

FXStreet Team FXStreet

GBP/USD Weekly Outlook: Pound Sterling faces renewed downside risks amid US tariff uncertainties

The Pound Sterling (GBP) demand fizzled against the US Dollar (USD), fuelling a GBP/USD correction from ten-week highs of 1.2716. Despite the resilience shown in the first half of the week, the Pound Sterling succumbed to the unabated haven demand for the Greenback in the latter part. The GBP/USD pair, therefore, snapped its three straight weekly gains, pulling back from the levels last seen in December 2024.

The pair’s early advance was sponsored by the expectations of divergent interest rate cut outlooks between the US Federal Reserve (Fed) and the Bank of England (BoE). Despite hot UK inflation data and gloomy economic prospects, the BoE is predicted to implement fewer rate cuts this year. Read more...

GBP/USD retakes 1.2600 amid modest USD weakness; upside potential seems limited

The GBP/USD pair attracts some dip-buyers during the Asian session on Monday and now seems to have stalled its retracement slide from levels beyond the 1.2700 mark, or over a two-month peak touched last week. The intraday move up lifts spot prices back above the 1.2600 round figure in the last hour and is sponsored by a modest US Dollar (USD) weakness.

The growing pessimism over the outlook for the US economy, along with bets for further policy easing by the Federal Reserve (Fed), fails to assist the buck to capitalize on a three-day-old recovery from over a two-month low. In fact, the USD Index (DXY), which tracks the Greenback against a basket of currencies, kicks off the new week on a weaker note and has now reversed a major part of Friday's move up to over a one-week high. 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.

AUD/USD falls to near 0.7100 after slipping below 50-day EMA

AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor bears gain control. The AUD/USD pair is holding a slight bearish tone however as it sits beneath both the nine-day and 50-day EMAs.

160.00: USD/JPY back near intervention territory after upbeat US jobs report

US Nonfarm Payrolls beat expectations by a wide margin in May, with 172K jobs added. The US Dollar rebounds after the release, helping USD/JPY recover from its intraday lows. Warnings from Japanese authorities continue to limit upside potential near the 160.00 threshold.

Gold targets $4,300 amid stronger Dollar

Gold faces increasing selling interest and navigates the area of three-month lows near the $4,300 mark per troy ounce on Friday. The precious metal’s decline comes as traders assess the stronger-than-expected NFP, while the bid bias in the Greenback and higher US Treasury yields also collaborate with the retracement.

Cardano hits five-year low even as Hoskinson clarifies "break" isn't an exit

Cardano (ADA) price is down 10% at press time on Friday, extending losses over 30% so far this week amid Charles Hoskinson's clarification that "break" isn't an exit.

Week ahead – Fed countdown begins amid US inflation data and geopolitical risks

Fed Chair Warsh’s first meeting approaches as key US inflation data could reshape expectations. Oil prices remain elevated as US-Iran talks continue; tariffs also return to the spotlight. ECB is expected to hike; will it be a one-off move or is July live?

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.