GBP/USD edges higher to above 1.2450 amid hawkish sentiment surrounding Fed
GBP/USD gains ground amid a stable US Dollar (USD), trading around 1.2460 during Asian hours on Monday. The US Dollar (USD) maintains its position below its peak since November 2023, potentially restricting the upward momentum of the GBP/USD pair.
US Dollar Index (DXY) hovers around 106.00, with the 2-year and 10-year yields on US Treasury bonds standing at 4.91% and 4.55%, respectively, by the press time. The elevated US yields may offer support to bolster the US Dollar (USD). Read more...
GBP/USD Weekly Forecast: Is Pound Sterling set for more pain in the UK inflation week?
The Pound Sterling (GBP) resumed its downside against the US Dollar (USD), sending the GBP/USD pair to the lowest level in four months below 1.2500.
After witnessing a decent comeback in the first half of the week, GBP/USD sellers returned with a bang amid a resurgent demand for the US Dollar. Expectations surrounding the US Federal Reserve (Fed) policy pivot continued to play their part alongside heightened geopolitical tensions in the Middle East, helping the Greenback reach its highest level in five months against its major counterparts above 105.00. Read more...
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EUR/USD bounces off lows, retests 1.1370
Following an early drop to the vicinity of 1.1310, EUR/USD now manages to regain pace and retargets the 1.1370-1.1380 band on the back of a tepid knee-jerk in the US Dollar, always amid growing optimism over a potential de-escalation in the US-China trade war.
GBP/USD trades slightly on the defensive in the low-1.3300s
GBP/USD remains under a mild selling pressure just above 1.3300 on Friday, despite firmer-than-expected UK Retail Sales. The pair is weighed down by a renewed buying interest in the Greenback, bolstered by fresh headlines suggesting a softening in the rhetoric surrounding the US-China trade conflict.
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Ethereum: Accumulation addresses grab 1.11 million ETH as bullish momentum rises
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Week ahead: US GDP, inflation and jobs in focus amid tariff mess – BoJ meets
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