Pound Sterling Price News and Forecast: Will GBP/USD make a comeback after post-Fed tumble?

FXStreet Team FXStreet

Will GBP/USD make a comeback after post-Fed tumble?

GBP/USD is trying to heal its wounds after taking a hit from the Fed’s hawkish rate cut, which squeezed the price to a three-week low of 1.2560 and back below the 20-day simple moving average (SMA) late on Wednesday.

Unlike its major peers, the British pound avoided new lower lows in the short-term picture and managed to hold its ground above the 1.2510 support zone as traders maintained some patience ahead of the Bank of England’s rate decision. However, despite this resilience, the technical indicators remain bearish and the completed death cross between the 50- and 200-day SMAs may keep traders on edge, unless something changes soon. Read more...

GBP/USD Forecast: Pound Sterling rebounds as focus shifts to BoE

After suffering heavy losses in the American session on Wednesday, GBP/USD stages a decisive rebound early Thursday as investors reposition themselves ahead of the Bank of England's (BoE) monetary policy announcements.

The Federal Reserve (Fed) lowered the policy rate by 25 basis points after the December meeting, as expected. The revised Summary of Economic Projections (SEP), also known as the dot plot, showed that Fed officials' median view of the policy rate at end-2025 stood at 3.9%, up from 3.4% in September's SEP. According to the projections, one of 19 officials see no cuts in 2025, three see one cut, 10 see two cuts, three see three cuts, one sees four cuts and one sees five cuts. Read more...

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EUR/USD slumps below 1.1750 as USD benefits from risk-aversion

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GBP/USD targets 1.3500 barrier near moving averages

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Gold surges on safe-haven demand, rises above $5,400

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Bitcoin, Ethereum and Ripple under pressure as key supports face breakdown risk

Bitcoin, Ethereum, and Ripple prices trade on the back foot at the start of this week on Monday, after extending losses in the previous week. BTC is on the brink of a breakdown, ETH is capped below key resistance, and XRP risks a crack of the trendline.

The market is paying for insurance, not apocalypse

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Pi Network Price Forecast: Core team offloads supply, weighing on PI recovery

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