Pound Sterling Price News and Forecast: Sinks as BoE delivers dovish hold, April cut fully priced

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GBP/USD sinks as BoE delivers dovish hold, April cut fully priced

The Pound Sterling (GBP) collapses against the US Dollar (USD) on Thursday after the Bank of England (BoE) decided to hold rates but opened the door for further easing, in a decision seen as a 'dovish hold.' Worse-than-expected US jobs data failed to halt the GBP/USD downfall, trading at 1.3529, down 0.90%. Read More...

Pound Sterling cracks after BoE's dovish rate hold

The Pound Sterling (GBP) extends its decline against its major currency peers on Thursday, following the Bank of England’s (BoE) monetary policy announcement. The British currency has fallen further as five out of nine Monetary Policy Committee (MPC) members have voted to hold interest rates steady at 3.75%, against two expected. Read More...

GBP/USD falls toward 1.3600 ahead of BoE policy decision

GBP/USD extends its losses for the second successive session, trading around 1.3620 during the Asian hours on Thursday. The pair weakens as the Pound Sterling (GBP) comes under pressure ahead of the Bank of England’s (BoE) interest rate decision later in the day. Read More...

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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.

GBP/USD hits fresh three-month highs above 1.3550

GBP/USD stretches north and trades at its highest level since mid-May above 1.3550 in the second half of the day on Monday. Easing expectations for a Federal Reserve policy tightening step in September hurts the US Dollar and allows the pair to preserve its bullish momentum ahead of this week's key UK inflation data.

EUR/USD pulls away from two-month high, holds near 1.1600

EUR/USD edges lower but stays in positive territory near 1.1600 after setting a fresh two-month high above 1.1610 earlier in the day. The US Dollar struggles to find demand and helps the pair hold its ground as investors scale back bets for a Federal Reserve interest rate hike in September following the previous weeks disappointing macroeconomic data releases from the US.

Gold sticks to gains near $4,400 as USD slumps to two-month low

Gold maintains its bullish tone through the first half of the European session and currently trades around $4,400, up for the second straight day. The commodity, however, remains below the highest level since June 5, touched last Thursday, amid a mixed fundamental backdrop.

Bitcoin range trade hints at looming volatility burst, analysts say

Bitcoin (BTC) trades slightly higher around $63,500 on Monday, following a slight correction the previous week, supported by improving risk sentiment and despite mild outflows from institutional demand.

Economists agree: Fed to leave interest rates unchanged this year – Reuters poll

A large majority of economists expect the Federal Reserve (Fed) to keep interest rates unchanged in September and for the rest of this year, according to a Reuters poll conducted between August 12 and 17.

Why is Crude Oil priced for a reopening the ships haven't made?

Fourteen vessels crossed the Strait of Hormuz on Tuesday. Before the war, the count ran near 120 a day. In the sessions since the waterway was publicly declared open, Brent has drifted back to $87 and West Texas Intermediate (WTI) to $81, both a little lower again on Wednesday, with daily momentum on each unwound from the top of its range in late July to the low twenties now.