Pound Sterling Price News: Consolidates as US shutdown optimism and BoE data drive sentiment

FXStreet Team FXStreet

GBP/USD consolidates as US shutdown optimism and BoE data drive sentiment

GBP/USD consolidates during the North American session, remains steady at around 1.3150 amid growing speculation that the US government shutdown might end soon, a tailwind for the US Dollar, which trimmed some earlier losses. Read More...

Pound Sterling trades cautiously on intensifying BoE dovish speculation

The Pound Sterling (GBP) trades with caution against its major currency peers at the start of the week. The British currency faces slight selling pressure amid growing expectations that the Bank of England (BoE) will cut interest rates at its December policy meeting. Read More...

GBP/USD weakens to near 1.3150 as US Senate reaches deal to extend government funding

The GBP/USD pair loses traction to near 1.3150, snapping the three-day losing streak during the early Asian session on Monday. The US Dollar (USD) strengthens against the Pound Sterling (GBP) amid positive signs that the record-breaking US government shutdown may end. Traders will keep an eye on the speech from the Bank of England (BoE) Clare Lombardelli later on Monday. Read More...

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EUR/USD treads water near 1.1800 ahead of ECB rate decision

EUR/USD is keeping its range at around 1.1800 in the European trading hours on Thursday. The pair awaits the European Central Bank interest rate decision for fresh impetus after the Eurozone inflation declined well below the central bank's 2% target.

GBP/USD flirts with two-week lows near 1.3570

GBP/USD adds to Wednesday’s pullback and recedes to the area of two-week troughs well south of the 1.3600 level on Thursday. The firmer tone in the Greenback and the dovish hold from the BoE keep the British Pound on the defensive for now.

Gold resumes the decline, still below $5,000 post-ECB

Gold partially reverses its recent two-day rebound, facing fresh downside impulse and always below the key $5,000 mark per troy ounce. The stronger US Dollar continues to weigh on the precious metal, while declining US Treasury yields are expected to limit the decline somehow.