Pound Sterling Price News and Forecast: GBP/USD extends losing streak against US Dollar for fourth trading day

The Pound Sterling (GBP) extends its losing streak against the US Dollar (USD) for the fourth trading day on Friday. The GBP/USD pair trades near its fresh over six-month low of 1.3116 posted on Thursday. The Cable has been under pressure due to a strengthening US Dollar amid easing Federal Reserve (Fed) dovish speculation for the December policy meeting and optimism on a trade deal between the United States (US) and China. Read More…

GBP/USD treads water above 1.3150 as Fed rate cuts climb

GBP/USD inches higher after three days of losses, trading around 1.3160 during the Asian hours on Friday. The pair holds ground as the US Dollar (USD) struggles amid improving Federal Reserve (Fed) rate cut bets. According to the CME FedWatch Tool, markets are now pricing in 71% probability of a Fed rate cut in December, up from 66% the previous day. Read More…

GBP/USD tests six months lows as Pound Sterling continues to sink

GBP/USD fell again on Thursday, grinding down toward the 1.3100 handle and tipping into six month lows at 1.3116. The Pound Sterling (GBP) continues to shed weight against the US Dollar (USD), and is down over 2% against the Greenback through the month of October alone. Read More…