Pound Sterling Price News and Forecast: Slips below 1.3800 as Warsh nomination, hot PPI boosts USD

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GBP/USD slips below 1.3800 as Warsh nomination, hot PPI boosts USD

The Pound Sterling retreats on Friday, remaining below 1.3800 after the Trump administration revealed that Kevin Warsh to lead the Federal Reserve. Additionally, a red-hot inflation report on the producer front boosted the Greenback’s appeal. Read More...

GBP/USD weakens as US Dollar firms on Senate breakthrough, BoE meeting ahead

GBP/USD trades around 1.3760 on Friday at the time of writing, retreating 0.30% on the day as the US Dollar (USD) regains some traction. The Greenback finds support after reports that the US Senate has advanced a spending agreement aimed at avoiding a federal government shutdown, easing recent political uncertainty. Read More...

GBP/USD softens to near 1.3750 as US Senate advances spending deal to avoid shutdown

The GBP/USD pair attracts some sellers near 1.3760 during the early European session on Friday. The US Dollar (USD) edges higher against the Pound Sterling (GBP) after US President Donald Trump and Senate Democrats struck a deal to avoid a US government shutdown. Traders will keep an eye on the US Producer Price Index (PPI) data later on Friday. Read More...

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EUR/USD weakens below 1.1900, USD remains firm

EUR/USD has slipped back into its downtrend, drifting below the 1.1900 support as the US Dollar’s recovery keeps gathering traction. Indeed, the Greenback’s push higher gathered pace after President Trump named Kevin Warsh as Jerome Powell’s successor and US Producer Prices rose more than expected in December.

GBP/USD retreats further, threatens 1.3700

Selling pressure remains on the rise, dragging GBP/USD back towards three-day lows around 1.3720-1.3710 at the end of the week. Cable’s retracement reflects a firmer rebound in the Greenback as investors digest Trump’s announcement of the next Fed chair.

Gold remains offered just above $5,000

Gold is extending its pullback, managing to trim part of its strong losses and regain the $5,000 mark and beyond on Friday. The precious metal’s severe drop comes amid broad-based profit-taking across the commodity space, alongside a firmer US Dollar and mixed US Treasury yields.

Stellar deepens correction, slipping to 3-month low as risk-off mood persists

Stellar continues to trade in the red, slipping below $0.20 on Friday, a level not seen since mid-October. Bearish sentiment intensifies amid falling Open Interest and negative funding rates in the derivatives market. On the technical side, weakening momentum indicators support further correction in XLM.

Microsoft sell-off etches $400 billion hole in market, second highest on record

Microsoft's (MSFT) post-earnings cratering on Thursday sent other indices into pullback mode despite the narrow nature of its weakness.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple deepen sell-off as bears take control of momentum

Bitcoin, Ethereum, and Ripple continued their corrections on Friday, posting weekly losses of nearly 6%, 3%, and 5%, respectively. BTC is nearing the November lows at $80,000, while ETH slips below $2,800 amid increasing downside pressure.