Pound Sterling Price News and Forecast: GBP/USD steadies below 1.3400 after strong UK data

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GBP/USD Price Forecast: Steadies below 1.3400 after strong UK data

The Pound Sterling held to gains against the Greenback during the North American session and edged up 0.14%. Earlier, solid Gross Domestic Product (GDP) figures in the UK sponsored a leg-up above 1.3400, but bulls failed to hold the exchange rate above the latter. The GBP/USD trades at 1.3387. Read More...

Pound Sterling struggles to extend upside above 1.3400 ahead of Fed Powell's speech

The Pound Sterling (GBP) surrenders some of its gains after facing selling pressure above the round-level resistance of 1.3400 against the US Dollar (USD) in Monday’s New York session. The GBP/USD pair gives up little gains as the Greenback rebounds after falling to near yearly lows, with the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, rebounding from the key support of 100.20. Earlier, the US Dollar weakened after data released on Friday showed that US inflation decelerated further in August. Read More...

GBP/USD trades stronger above 1.3350 amid dovish Fed and softer US PCE data

The GBP/USD pair holds positive ground near 1.3385 during the early Asian session on Monday. Expectations of further interest rate cuts by the Federal Reserve (Fed) and the less dovish stance of the Bank of England's (BoE) less dovish rate cut bets provide some support to the major pair. Fed Governor Michelle Bowman is scheduled to speak later on Monday. Read More...

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EUR/USD struggles to regain momentum in the low1.1600s

EUR/USD is giving some signs of life in the aftermath of two severe days of losses on Wednesday, reclaiming the 1.1600 hurdle and above on the back of the resurgence of a mild selling bias around the US Dollar. Moving forward, the usual US weekly Claims will take centre stage on Thursday ahead of Friday’s crucial NFP data.

GBP/USD appears bid around 1.3370

GBP/USD reverses part of its recent multi-day decline, gathering some balance and managing to reach the 1.3400 region, where some initial resistance seems to have turned up. Cable’s uptick comes in response to some loss of momentum in the Greenback despite the geopolitical scenario remaining fragile.

Gold recovers modestly despite intensifying Middle East crisis

Gold keeps its daily gains well in place, although a break above the $5,200 mark per troy ounce still remains elusive on Wednesday. The yellow metal’s rebound comes in response to the persistent flight-to-safety amid intense geopolitical tensions in the Middle East and the bearish performance of the US Dollar.