Pound Sterling Price News: GBP/USD rises toward 1.3869, the highest since September 2021

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GBP/USD Price Forecast: Rebounds toward 1.3850 near four-year highs

GBP/USD recovers its recent losses from the previous session, trading around 1.3830 during the Asian hours on Thursday. The technical analysis of the daily chart points to a potential bearish reversal as the range narrows, indicating waning buyer momentum within a rising wedge pattern.

The GBP/USD pair extends above the rising nine-day Exponential Moving Average (EMA) and the 50-day EMA, keeping the short-term bullish bias intact. The faster average holds comfortably above the slower line, with both slopes pointing higher. The fast average stays above the slow line, reinforcing the positive structure. Pullbacks could find demand near the nine-day EMA, while the 50-day EMA supports the broader uptrend. Read more...

GBP/USD hesitates at four-year highs following lackluster Fed rate hold

GBP/USD churned in place on Tuesday, hitting a brief patch of volatility but otherwise holding steady near four-year highs as the US Dollar (USD) struggles to find its footing. The Federal Reserve (Fed) held interest rates steady, as many investors broadly anticipated, but the Fed’s rate statement and Fed Chair Jerome Powell both failed to give any hints about potential shifts toward future rate cuts, which many investors broadly hoped.

With the Fed’s first rate call of the year out of the way, attention now shifts to political central bank matters. US President Donald Trump has been soft-rolling towards announcing a new Fed Chair pick to replace Jerome Powell, whose term ends in May. Key Trump officials have been drumming up anticipation for the president’s next pick, with Treasury Secretary Scott Bessent hinting that Trump’s list of potential candidates, which has allegedly been whittled down to just one name, could come within the next week. Read more...

GBP/USD holds below 1.3800 as Fed split decision keeps USD firm

GBP/USD stays below the 1.3800 figure after the Federal Reserve (Fed) decided to keep interest rates on hold on Wednesday, on a 10-2 vote split as two Fed Governors opted for a rate cut of 25 basis points. The pair trades volatile within the 1.3740-1.3790 range, ahead of the Fed Chair Jerome Powell press conference.

The Federal Reserve held interest rates steady at 3.50%–3.75%, following a vote split at its latest policy meeting. Stephen Miran and Christopher Waller—one of President Trump’s nominees to succeed Jerome Powell—dissented in favor of a 25-basis-point rate cut. Read more...

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FXStreet Team

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GBP/USD retreats from multi-day highs around 1.3550

GBP/USD now gives away part of the earlier advance toward the 1.3550 region, or multi-week peaks, looking to consolidate around the 1.3530 region on Wednesday. Cable’s continuation of its march north follows the modest downside pressure on the Greenback after US CPI readings matched consensus in July.

EUR/USD eases from tops, back to 1.1550

EUR/USD now surrenders some gains and recedes toward the 1.1550 regio on Wednesday. Despite the knee-jerk, spot keeps the bid tone intact amid the offered stance in the US Dollar, all in the wake of in-line US inflation data in July. However, the fragile landscape in the Middle East is expected to put a floor to the occasional downward trend in the buck.

Gold challenges 10-week highs near $4,450

Gold now pushes harder and climbs to new two-month highs near $4,450 per troy ounce on Wednesday. The yellow metal’s solid performance comes on the back of a weaker US Dollar and declining US Treasuty yields across the curve as investors assess the latest US CPI data.

Ripple lags recovery as exchange reserves expand

Ripple is trading within a broadly constrained technical structure, with support at $1.00 and key moving averages limiting its recovery potential. In August, the remittance token declined by approximately 6.5%, extending its total pullback to around 14% from July's $1.18 peak.

911 million shares freed: Why SpaceX rallied into its own supply

The most heavily trailed supply event of the year landed on August 6, and the SpaceX (SPCX) stock went up. Roughly 911.5 million shares held by insiders and early backers became eligible to trade, around 43% more than the entire float sold at the listing.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.