Pound Sterling remains subdued on firm BoE rate cut prospects

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GBP/USD Forecast: Pound Sterling holds steady above key support level

GBP/USD fell toward 1.2570 in the early American session on Friday but staged a decisive recovery to close the day virtually unchanged above 1.2600. The pair trades marginally lower on the day but holds comfortably above 1.2600 in the European session on Monday. Read more...

Pound Sterling remains subdued on firm BoE rate cut prospects

The Pound Sterling (GBP) falls slightly but broadly consolidates in a tight range above 1.2600 in Monday’s European session. The GBP/USD pair trades sideways as investors await the United States Consumer Price Index (CPI) data for March, which will be published on Wednesday. The inflation data will provide more clarity over whether the Federal Reserve (Fed) will begin to reduce interest rates from June. Read more...

GBP/USD Price Analysis: Pound Sterling looks vulnerable whilst below 1.2665

The Pound Sterling (GBP) is trading on the back foot against the US Dollar (USD), as the GBP/USD pair manages to hold above the 1.2600 level at the start of the week on Monday. Read more...

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FXStreet Team

FXStreet

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.

GBP/USD: Downward-sloping trendline near 1.3470 remains key barrier

The British pound faces selling pressure against its major currency peers, trading 0.1% lower at around 1.3420 against the US Dollar during the European trading session on Tuesday.

Euro defends the 1.1500 level ahead of a string of US labour data

The Euro (EUR) posts marginal gains against the US Dollar (USD) on Tuesday as Monday’s reversal from three-week highs at 1.1560 has been contained at 1.1500 so far. A mild risk appetite on hopes of a negotiating process in Iran and investors’ cautiousness ahead of the release of key US labour indicators are providing some support to the pair on Tuesday.

Aave: Bearish RSI divergence risks a 20% drop despite steady DeFi deposits

Aave (AAVE) extends a mild near-term recovery on Tuesday, holding above its 50-day Exponential Moving Average at $90.80. Aave protocol’s V3 deployment on Monad blockchain recorded over $500 million in deposits over the last month, reflecting increased user adoption.

US JOLTs report in focus

In the US, the June JOLTs report will be in the spotlight. Job openings have increased modestly this year, which has historically predicted rising wage cost pressures ahead. June trade balance data will also be released in the afternoon and the preliminary reading pointed towards a stable trade deficit from May. The Fed's Schmid (non-voter, hawk) will be on the wires overnight.

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.