Pound Sterling Price News and Forecast: Tensions mount on post-Brexit rules for financial services

FXStreet Team FXStreet

GBP/USD analysis: Fresh bears face headwinds at 1.40 support

Cable extended Wednesday’s 0.64% fall and fell ticks ahead of psychological 1.40 support on Thursday. Fresh risk aversion on upbeat US inflation figures that fueled a fall in global equities, weighs heavily on risk sensitive pound. Bids at 1.40 zone (psychological/former multiple upside rejections / a number of option expiries) provided headwinds to fresh bears, keeping the price action above 1.40 for now, with softer dollar after better than expected US weekly jobless claims, contributing to support. Read more...

GBP/USD Forecast: Tensions mount on post-Brexit rules for financial services

The GBP/USD pair extended its weekly decline to 1.4005 on the back of the persistent dollar’s demand, trimming most of its early losses ahead of the close to settle around 1.4040. The UK had a scarce macroeconomic calendar, as it only published the April RICS Housing Price Balance, which rose 75%, much better than the 62% expected. Read more...

GBP/USD analysis: Ends sideways trading

The release of the US Consumer Price Index caused two hours of high volatility during the mid-day of Wednesday. It was followed up by a decline. By the middle of Thursday's trading, the rate had passed the support of the 100-hour simple moving average at 1.4078 and the weekly R1 simple pivot point at 1.4064. Read more...

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FXStreet

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.