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Pound Sterling Price News and Forecast: GBP/USD trips down below 1.3350 as oil surges

FXStreet Team FXStreet

GBP/USD trips down below 1.3350 as oil surges, Fed outlook boosts USD

The GBP/USD trims some of its Thursday’s gains, down by 0.84%, as traders turned risk-averse amid an escalation of the Middle East conflict and priced in no rate cuts by the Federal Reserve in 2026. At the time of writing, the pair trades below 1.3350 after hitting a daily high of 1.3442. Read More...

GBP/USD retreats as BoE hawkish shift meets resilient US Dollar

GBP/USD retreats on Friday, trading around 1.3380 at the time of writing, down 0.39% on the day, after Thursday’s strong rally following the Bank of England (BoE) decision. The corrective move comes as the US Dollar (USD) regains some traction, despite a broader backdrop shaped by a hawkish repricing of global monetary policy. Read More...

GBP/USD Price Forecast: 38.2% Fibo retracement acts as key barrier near 1.3470

The GBP/USD pair trades 0.2% lower to near 1.3400 during the late Asian trading session on Friday. The Cable faces selling pressure as the US Dollar Index (DXY) rebounds after an over-a-percent decline the previous day. Read More...

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GBP/USD bounces off lows, back above 1.3200

After bottoming out near 1.3160, GBP/USD manages to regain a bit of shine and reclaim the 1.3200 mark and beyond at the end of the week. Stronger-than-expected UK Retail Sales data seem to be helping the British Pound limit its losses, while the chaotic UK political environment keeps the bulls at bay for now.

EUR/USD looks consolidative around 1.1460

EUR/USD stages a modest rebound after slipping to a three-month low below 1.1420 at the end of the week. That said, the pair now looks to consolidate humble gains just above 1.1460 despite growing uncertainty surrounding the next round of US-Iran negotiations, which keeps the US Dollar’s downside contained.

Gold slips back to six-day lows, targets $4,100

Gold retreats for the third consecutive day on Friday, eroding gains seen in the first half of the week and approaching the key $4,100 mark per troy ounce. Indeed, the precious metal continues to face headwinds from the Fed's hawkish stance and renewed uncertainty surrounding the next round of US-Iran negotiations.

Breaking: Iran closes the Strait of Hormuz amid ceasefire deal violation

Iran says it is closing the Strait of Hormuz after accusing the United States (US) and Israel of violating the ceasefire. According to Iran, the decision came over the continued Israeli strikes in Lebanon. The Iranian Revolutionary Guard Corps Navy issued a warning to all vessels: "Do not approach the Strait of Hormuz; otherwise, your security will be jeopardized."

The Iran war didn't break the US economy, but what happens next?

Nearly four months after the start of the Iran war, the US economy remains remarkably resilient. While the conflict initially triggered a severe disruption to global energy markets and a sharp rise in Oil prices, recent diplomatic progress between Washington and Tehran has eased concerns about a prolonged supply shock.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.

Pound Sterling Price News and Forecast: GBP/USD trips down below 1.3350 as oil surges

GBP/USD trips down below 1.3350 as oil surges, Fed outlook boosts USD

GBP/USD retreats as BoE hawkish shift meets resilient US Dollar

GBP/USD Price Forecast: 38.2% Fibo retracement acts as key barrier near 1.3470

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GBP/USD bounces off lows, back above 1.3200

EUR/USD looks consolidative around 1.1460

Gold slips back to six-day lows, targets $4,100

Breaking: Iran closes the Strait of Hormuz amid ceasefire deal violation

The Iran war didn't break the US economy, but what happens next?

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

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GBP/USD trips down below 1.3350 as oil surges, Fed outlook boosts USD

GBP/USD retreats as BoE hawkish shift meets resilient US Dollar

GBP/USD Price Forecast: 38.2% Fibo retracement acts as key barrier near 1.3470

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