Pound Sterling Price News and Forecast: GBP/USD two hawks, one winner, a range that hasn't cracked yet [Video]

FXStreet Team FXStreet

GBP/USD forecast: Two hawks, one winner, a range that hasn't cracked yet

This GBP/USD forecast isn't really about the pound. It's about two central banks that both sound tough, and a market that has already decided which one it believes. The Fed hiked last week, and its officials keep hinting at more. The Bank of England held and said it might hike. That sounds similar, but it isn't, and the chart shows it. The pound sits near 1.3240, below its major moving averages, leaning on the bottom of a range it has been building for days. Tonight, New York gets to push.

One bank is acting. The other is still deciding. Markets pay for action, and that's why the dollar keeps winning this pair. There's a detail most people miss. The pound's support rests on that 67% November hike, and Brown Brothers Harriman thinks the Bank may not need to tighten as much as markets expect. Read more...

GBP/USD Elliott Wave outlook: Downside extension and critical wave count [Video]

GBP/USD continues to unfold a short‑term decline from the August 21, 2026 high, developing as a five‑wave impulse. From that peak, wave ((i)) concluded at 1.3474, followed by a corrective rally in wave ((ii)) that ended at 1.3569. The pair then resumed lower in wave ((iii)), reaching 1.3335, before a modest rally in wave ((iv)) concluded at 1.34. Price action now suggests that wave ((v)) is nearing completion, which should finalize the cycle from the August 21 high. Once this impulse ends, the pair is expected to stage a three‑wave corrective rally to retrace the decline before resuming its broader bearish trend. 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 turns lower toward 0.7000 after mixed Australian jobs data

AUD/USD is losing ground toward 0.7000 in the Asian session on Thursday, following the release of the Australian August jobs report, which showed that the Unemployment Rate rose to 4.6% versus 4.5% expected, while Employment Change beat estimates, arriving at 39.5K. Traders also remain unnerved ahead of the critical Trump-Xi meeting.

USD/JPY keeps the red near 158.00 as Japanese Yen firms up

USD/JPY retreats from three-week highs and holds losses near 158.00 in the Asian session on Thursday. Surging Japanese bond yields lift the Yen amid looming intervention risks, while the US Dollar preserves overnight gains to a two-month high amid hawkish Fed bets and elevated US bond yields.

Gold struggles near one-week low as traders await Trump-Xi meeting amid Fed hike bets

Gold sticks to a negative bias for the second straight day, trading below the $4,300 mark or a one-week low during the first half of the European session as traders await a crucial meeting between US President Donald Trump and his Chinese counterpart Xi Jinping. Expectations for a major announcement are low, though market players will look for any progress on rare earths, technology restrictions, and an extension of the current US-China truce.

Bitcoin slips to $84,000 on rate hike bets – Worldcoin, Pepe lead losses

Bitcoin (BTC) price trades below $84,000 on Thursday, extending losses after a 2% decline the previous day. The pullback aligns with renewed inflation and rate-hike concerns, as US composite and services PMIs rose to 58.4 and 58.7 in September. Worldcoin (WLD) and Pepe (PEPE) recorded double-digit losses over the last 24 hours, emerging as the worst performers.

SNB leaves interest rates unchanged at 0%

Swiss National Bank leaves its key policy rates unchanged at 0%, as expected by market particiapnts. The key highlights of SNB’s monetary policy assessment are as followed: Banks' sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold. SNB sees 2026 inflation at 0.7% (previous forecast was for 0.6%). The main risk to the economic outlook for Switzerland stems from developments in the global economy.

BoJ Recap: Not as hawkish as expected

The Bank of Japan (BoJ) raised its short-term interest-rate target to 1.25% from 1.00% in a 7-2 vote, marking another step in the normalisation of monetary policy and widely matching what everyone has been expecting for weeks.