Pound Sterling Price News and Forecast: GBP/USD trades with mild gains around 1.3440 in Monday’s session.

FXStreet Team FXStreet

GBP/USD Price Forecast: Retains bullish bias above 1.3550 above the 100-day EMA

The GBP/USD pair posts modest gains near 1.3440 during the Asian trading hours on Monday. The latest optimism fueled by a trade deal between the United States (US) and the European Union (EU) triggers a fresh wave of the global risk-on sentiment, which boosts the Pound Sterling (GBP). All eyes will be on the US Federal Reserve (Fed) interest rate decision later on Wednesday, with no change in rate expected.

Technically, GBP/USD keeps the bullish vibe on the daily chart, with the price holding above the key 100-day Exponential Moving Average (EMA). However, further consolidation or temporary sell-off cannot be ruled out in the near term as the 14-day Relative Strength Index (RSI) holds below the midline near 43.25. Raed More...

GBP/USD Weekly Outlook: Pound Sterling recovery loses momentum ahead of a big week

The Pound Sterling (GBP) staged a solid comeback from two-month lows against the US Dollar (USD) before GBP/USD buyers ran into the 1.3600 hurdle. Despite its retracement in the second half of the week, the GBP/USD pair closed the week with gains as the USD registered its biggest weekly drop in a month.

The Greenback hit its lowest level in two weeks against major currency rivals as easing trade tensions diminished its appeal as a safe-haven asset. Investors cheered US trade deals with Japan, Indonesia, and the Philippines while staying hopeful that an agreement between the US and the European Union (EU) will be reached soon.

GBP/USD climbs closer to mid-1.3400s as trade optimism undermines the safe-haven USD

The GBP/USD pair attracts some buyers during the Asian session on Monday and, for now, seems to have snapped a two-day losing streak to the 1.3400 neighborhood. Spot prices climb back closer to mid-1.3400s in the last hour, though the uptick lacks bullish conviction as traders seem reluctant ahead of this week's key central bank event and data risks.

The US Federal Reserve (Fed) is scheduled to announce its policy decision at the end of a two-day meeting on Wednesday, and investors will look for cues about the future rate-cut path. Apart from this, the Advance US Q2 GDP print, the US Personal Consumption Expenditure (PCE) Price Index, and the closely-watched US Nonfarm Payrolls (NFP) report will drive the US Dollar (USD) and provide a fresh impetus to the GBP/USD pair. Read more...

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD rebounds after falling toward 1.1700

EUR/USD gains traction and trades above 1.1730 in the American session, looking to end the week virtually unchanged. The bullish opening in Wall Street makes it difficult for the US Dollar to preserve its recovery momentum and helps the pair rebound heading into the weekend.

GBP/USD steadies below 1.3400 as traders assess BoE policy outlook

Following Thursday's volatile session, GBP/USD moves sideways below 1.3400 on Friday. Investors reassess the Bank of England's policy oıtlook after the MPC decided to cut the interest rate by 25 bps by a slim margin. Meanwhile, the improving risk mood helps the pair hold its ground.

Gold stays below $4,350, looks to post small weekly gains

Gold struggles to gather recovery momentum and stays below $4,350 in the second half of the day on Friday, as the benchmark 10-year US Treasury bond yield edges higher. Nevertheless, the precious metal remains on track to end the week with modest gains as markets gear up for the holiday season.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid bearish market conditions

Bitcoin (BTC) is edging higher, trading above $88,000 at the time of writing on Monday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are following in BTC’s footsteps, experiencing relief rebounds following a volatile week.

How much can one month of soft inflation change the Fed’s mind?

One month of softer inflation data is rarely enough to shift Federal Reserve policy on its own, but in a market highly sensitive to every data point, even a single reading can reshape expectations. November’s inflation report offered a welcome sign of cooling price pressures.

XRP rebounds amid ETF inflows and declining retail demand demand

XRP rebounds as bulls target a short-term breakout above $2.00 on Friday. XRP ETFs record the highest inflow since December 8, signaling growing institutional appetite.