|

Pound Sterling Price News: GBP/USD steadies near 1.3200 as traders bet on dual Fed–BoE dovish pivot

GBP/USD steadies near 1.3200 as traders bet on dual Fed–BoE dovish pivot

GBP/USD holds steady near 1.3200 as the Dollar registers minimal gains although the US economy continues to show signs of weakness, which could prompt the Federal Reserve to ease policy in the December meeting. Read More...

Pound Sterling weakens against US Dollar ahead of key US data

The Pound Sterling (GBP) drops to near 1.3190 against the US Dollar (USD) during the European trading session on Tuesday. The GBP/USD pair falls as the US Dollar extends Monday's recovery move despite weak United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI) data for November. Read More...

GBP/USD Price Forecast: Pound Sterling remains capped by 50-day SMA

GBP/USD is battling 1.3200 in the early European trading hours on Tuesday, consolidating the previous sharp retracement from five-week highs of 1.3276. Read More...

Author

FXStreet Team

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.

More from FXStreet Team
Share:

Editor's Picks

GBP/USD clings to daily gains near 1.3350

GBP/USD holds just in positive territory around 1.3350 on Friday as the Greenback keeps a vacillating price action. With Fed rate hike expectations easing and US markets closed for the Independence Day holiday, Cable remains on track to post solid weekly gains.

EUR/USD remains sidelined around 1.1440

EUR/USD holds on to its recent gains and consolidates around 1.1440 at the end of the week as the US Dollar lacks clear direction. In the meantime, trading conditions remain subdued, with volatility constrained by the closure of US markets for the Independence Day holiday.

Gold flirts with two-week highs, targets $4,200

Gold extends its recovery for a third straight day, advancing toward the $4,200 mark per troy ounce on Friday. The precious metal looks set to snap a four-week losing streak as softer-than-expected June US NFP data prompt investors to scale back expectations of further Fed tightening.

Crypto Today: Bitcoin, Ethereum, XRP advance amid renewed capital inflows

Bitcoin maintains its upward momentum, holding above the $61,000 mark at the time of writing on Friday. Major altcoins such as Ethereum and Ripple are also posting gains, signaling a modest uptick in market sentiment and renewed risk appetite among investors.

The Iran war failed to trigger a recession. Can the US economy keep defying expectations?

Nearly four months after the start of the Iran war, the US economy remains remarkably resilient. While the conflict initially triggered a severe disruption to global energy markets and a sharp rise in Oil prices, recent diplomatic progress between Washington and Tehran has eased concerns about a prolonged supply shock.

Kevin Warsh offers no policy clues: Why markets still got their answer

Financial markets came to Sintra looking for clues about the Federal Reserve's (Fed) next move. They largely left with confirmation that Fed Chair Kevin Warsh intends to make those clues much harder to find.