GBP/USD weakens further as markets brace for Fed decision
The Pound Sterling extended its losses on Wednesday as the Greenback remains firm ahead of the US Federal Reserve’s monetary policy decision. An absent economic docket in the UK, except for Bank of England (BoE) Governor Andrew Bailey's TSC hearing, could move the markets ahead of the Fed. The GBP/USD trades at 1.2406, down 0.27%. Read More...
Pound Sterling gains as UK Reeves prioritizes growth and liberalization
The Pound Sterling (GBP) gains against its major peers, except safe-haven currencies such as US Dollar and Japanese Yen (JPY) on Wednesday as United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves reiterated Prime Minister Keir Starmer's positive outlook on the economy, saying that the economy is on the brisk of a “turnaround” in a speech in Oxfordshire. Reeves vowed to remove "stifling and unpredictable" regulations to boost productivity. Read More...
GBP/USD holds ground near 1.2450 ahead of Fed policy decision
GBP/USD remains steady after registering losses in the previous session, trading around 1.2440 during the Asian hours on Wednesday. The pair’s downside could be attributed to the increased risk aversion due to tariff threats made by US President Donald Trump. Read More...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
![AUD/USD holds steady as traders adopts caution ahead of US Retail Sales data](https://editorial.fxsstatic.com/images/i/AUD-neutral-object_Medium.png)
AUD/USD holds steady as traders adopts caution ahead of US Retail Sales data
The AUD/USD pair weakens to near 0.6345 during the early Asian session on Monday. The rising speculation of the Reserve Bank of Australia rate cut drags the Australian Dollar lower against the Greenback. All eyes will be on the RBA interest rate decision on Tuesday.
![USD/JPY weakens to sub-152.00 levels after upbeat Japanese Q4 GDP print](https://editorial.fxsstatic.com/images/i/JPY-bearish-line_Medium.png)
USD/JPY weakens to sub-152.00 levels after upbeat Japanese Q4 GDP print
USD/JPY slides below the 152.00 mark following the release of Japan's prelim GDP, which showed that the economy expanded 0.7% in Q4 and the yearly growth rate accelerated from 1.7% to 2.8%. The reading blew past market expectations and reaffirmed bets for another BoJ rate hike, which, in turn, boosts the JPY.
![Gold drifts lower below $2,900 amid profit-taking](https://editorial.fxsstatic.com/images/i/Commodities_Gold-2_Medium.jpg)
Gold drifts lower below $2,900 amid profit-taking
Gold price edges lower to near $2,880 due to profit-taking during the early Asian session on Monday. However, fears of a global trade war in the wake of US President Donald Trump's push for reciprocal tariffs might help limit the precious metal’s losses.
![Week ahead: Fed Minutes, RBA and RBNZ decisions in focus](https://editorial.fxsstatic.com/images/i/Federal-Reserve-Building_3_Medium.png)
Week ahead: Fed Minutes, RBA and RBNZ decisions in focus
After Powell and CPI data, dollar traders turn to Fed minutes. RBA to cut rates by 25bps, focus on forward guidance. RBNZ may opt for a third consecutive 50bps rate cut. UK, Canadian and Japan’s CPI data also in focus.
![Tariffs likely to impart a modest stagflationary hit to the economy this year](https://editorial.fxsstatic.com/images/i/Economic-Indicator_GDP-3_Medium.png)
Tariffs likely to impart a modest stagflationary hit to the economy this year
The economic policies of the Trump administration are starting to take shape. President Trump has already announced the imposition of tariffs on some of America's trading partners, and we assume there will be more levies, which will be matched by foreign retaliation, in the coming quarters.
![The Best Brokers of the Year](https://editorial.fxsstatic.com/images/Brokers/Editors_Pick_Box_395x179_Medium.png)
The Best Brokers of the Year
SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.