GBP in the spotlight: latest news

The GBP/AUD exchange rate experienced volatility last week due to changing expectations regarding interest rates and a series of important data releases.

The Pound Sterling (GBP) is struggling against most of its counterparts at the beginning of the week. The British currency is experiencing pressure as investors adopt a cautious stance, particularly with attention shifting towards inflation data from the UK and the US.

The British Pound has experienced a prolonged correction since reaching a high of 206.30 in early October. Currently, the price is fluctuating around the 202.00 mark, indicating volatility within a downward channel.

The British Pound (GBP/USD) is currently trading around 1.3410, as expectations of a Federal Reserve rate cut weaken the US dollar. However, concerns about UK fiscal risks, a 4.8% unemployment rate, and the Bank of England's dovish stance are creating challenges for the pound.

The Pound to Dollar exchange rate (GBP/USD) experienced volatile trading throughout the week. While the exchange rate was bolstered by a decline in the dollar's strength, it faced limitations due to ongoing fiscal uncertainties in the UK.

The GBP/USD exchange rate remains stable during the North American session following three consecutive days of gains. The U.S. dollar is experiencing a rebound as former President Trump eases his critical stance on China. Market participants are now focusing on the upcoming U.S. Consumer Price Index (CPI) report.

Gold's remarkable rally temporarily halted late last week after reaching an all-time high of $4,380 on Friday, before experiencing a slight decline of nearly $20.

The Pound to New Zealand Dollar (GBP/NZD) exchange rate declined on Monday, following unexpectedly strong inflation data from New Zealand, which strengthened the Kiwi dollar.

The Pound to Euro exchange rate (GBP/EUR) remained slightly above 1.15 as political stability in France improved, while investors considered the fiscal and monetary risks facing the UK.

The euro experienced fluctuations during the early hours of Monday trading. Overall, the market is showing signs of volatility, indicating a mixed outlook for the Euro against the US dollar and the British pound.

The Euro to Dollar exchange rate (EUR/USD) struggled to maintain levels above 1.1700 on Friday and was trading at approximately 1.1660 on Monday, finding some support around 1.1650.

The GBP/EUR exchange rate is forecasted to reach 1.15 in the coming week, with expectations that the UK's Consumer Price Index (CPI) will provide a boost to the pound.

The GBP/NZD exchange rate experienced fluctuations last week due to changing market sentiment and varied economic data from the UK and New Zealand. Investors are closely monitoring the upcoming trade data from New Zealand, which may influence future currency movements.

The EUR/USD pair is showing positive movement, trading around 1.1670 in the early European session on Monday. The Euro is strengthening against the US Dollar, although budget uncertainty may limit further gains.

The Australian Dollar (AUD) strengthened against the US Dollar (USD) on Monday, marking its second consecutive day of gains amid the ongoing government shutdown in the United States.

Gold prices in Pakistan increased on October 20, with the price reaching 38,917.76 Pakistani Rupees (PKR) per gram, as reported by FXStreet.

Gold prices increased in the United Arab Emirates on October 20, as reported by FXStreet.

Gold prices in India increased on Monday, with the current rate reaching 12,044.49 Indian Rupees (INR) per gram, as reported by FXStreet.

Discount retailer B&M has lowered its financial guidance due to the discovery of around £7 million in unaccounted overseas freight costs.