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Pound Sterling Price News and Forecast: GBPUSD snapped a four-week uptrend, gearing up for BOE

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GBP/USD Price Analysis: Mean reversion to near 20-EMA around 1.2050 looks likely

The GBP/USD pair has extended its losses below 1.2230 in the Asian session after failing to sustain above the round-level resistance of 1.2300. The Cable is facing the heat of risk-aversion theme as investors are getting anxious ahead of the monetary policy announcement by the Federal Reserve (Fed) and the Bank of England (BOE).

GBP/USD Weekly Forecast: Pound Sterling looks north, gearing up for a critical week

GBP/USD ended the week almost unchanged, snapping a fourth straight weekly advance after being unable to find acceptance above the 1.2350 threshold. A pause in the recent United States Dollar (USD) decline capped the upside in the Pound Sterling amid a relatively quiet week, as traders geared up for a critical week ahead.

GBP/USD loses momentum, flirts with 1.3200

GBP/USD is struggling to maintain its positive bias on Thursday, retreating toward the 1.3200 region in response to the pick in the buying interest around the Greenback. That said, Cable remains under scrutiny as cautious market sentiment keeps investors focused on the US-Iran conflict and political effervescence in the UK.

EUR/USD trims gains, challenges 1.1400

EUR/USD now gives away part of its earlier advance, receding toward the 1.1400 contention zone on Thursday. Meanwhile, the pair’s recovery comes amid extra losses in the US Dollar, at the time when while investors continue to monitor developments in the Middle East and sentiment surrounding global technology stocks.

Gold remains bid and close to $4,100

Gold accelerates its recovery and approaches the key $4,000 mark per troy ounce at the end of the week, adding to Thursday’s advance. However, expectations for a hawkish Fed remain steady and keep the yellow metal’s potential upside contained.

Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Week ahead – NFP report to challenge Dollar strength and the hawkish Fed

Dollar strength dominates markets, as the hawkish Fed overshadows geopolitics and lower oil prices. NFP week could drive September Fed hike expectations and boost market volatility. The euro lacks fresh bullish catalysts, all eyes on the preliminary inflation report and the ECB Forum.

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: GBPUSD snapped a four-week uptrend, gearing up for BOE

GBP/USD Price Analysis: Mean reversion to near 20-EMA around 1.2050 looks likely

GBP/USD Weekly Forecast: Pound Sterling looks north, gearing up for a critical week

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GBP/USD loses momentum, flirts with 1.3200

EUR/USD trims gains, challenges 1.1400

Gold remains bid and close to $4,100

Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Week ahead – NFP report to challenge Dollar strength and the hawkish Fed

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

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GBP/USD Price Analysis: Mean reversion to near 20-EMA around 1.2050 looks likely

GBP/USD Weekly Forecast: Pound Sterling looks north, gearing up for a critical week

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