Pound Sterling Price News and Forecast: GBP/USD stalls as mixed US data keeps Fed hawkish bets alive
Pound Sterling Price News and Forecast: GBP/USD declines below 1.3550
GBPUSD also managed to drop past the target of 1.3560. As we see from the chart, the Intraday support at 1.3520 could keep the chances for another rebound toward 1.3675.
The euro is closing out August with genuine momentum, having climbed to $1.1697 against the dollar, its strongest level in three months, on the back of ECB hike bets that keep gaining traction. French and Spanish inflation both surprised to the upside, with Spain's harmonised reading hitting 4.5%, its highest since 2023, reinforcing market expectations that the ECB deposit rate could climb to 2.80% by next March, from 2.25% currently.
GBP/USD Price outlook: British Pound/US Dollar navigating between arc levels
British Pound: Downside risk focuses on 1.3480 against US Dollar – UOB
GBP/USD Price Forecast: Declines below 1.3550, while maintaining bullish bias above 100-day SMA
Pound Sterling Price News and Forecast: GBP/USD edges higher as USD softens ahead US jobs data
Pound-New Zealand Dollar could face further pressure if the RBNZ raises rates, while cautious BoE signals may leave Sterling vulnerable. The Pound New Zealand Dollar (GBP/NZD) exchange rate was volatile last week, with the pairing eventually sliding to a 12-week low.
The Pound-Australian Dollar rate could rebound if Australian GDP stalls, although firm RBA rate hike expectations may keep the Aussie supported. Last week saw the Pound to Australian Dollar (GBP/AUD) exchange rate strike its worst levels since late June amid a notably hawkish uptick in Reserve Bank of Australia (RBA) interest rate hike.
Pound Sterling Price News and Forecast: GBP/USD finds ground slightly below 20-day EMA
GBP/USD Price Forecast: Finds ground slightly below 20-day EMA