GBP in the spotlight: latest news

The Pound to Euro exchange rate (GBP/EUR) faced challenges at the beginning of the week, declining due to a pessimistic forecast for UK growth in 2026.

The GBP/AUD exchange rate is experiencing a downward trend, indicating the possibility of a fourth consecutive daily loss.

The GBP/USD exchange rate has increased to approximately 1.3250, as the Pound has managed to avoid declines following the budget announcement, while the US dollar continues to face downward pressure.

The Euro is gaining strength against a weaker British Pound on Monday, recovering some losses after experiencing a decline of nearly 0.8% over the past two weeks.

The GBP/USD exchange rate surged last week, with most of the increase occurring after the release of the UK's highly anticipated autumn budget.

Pound sterling experienced its largest weekly increase against the U.S. dollar last week, paving the way for possible additional gains as the year comes to a close.

The British pound is currently positioned near significant technical levels around 1.32, with a potential breakout in either direction expected to influence the trend of GBP/USD as central bank policies evolve.

The US dollar weakened on Monday, resulting in slight gains for both EUR/USD and GBP/USD, although the outlook for both remains technically unclear. Important resistance and support levels are being closely monitored, including the 1.17 mark for the euro.

The Pound to Euro (GBP/EUR) exchange rate reached a four-week high of approximately 1.1430 following last week's budget announcement but has since retreated to 1.1380. Deutsche Bank projects that the exchange rate will stabilize at 1.11 by 2027.

The GBP to USD exchange rate remained stable on Monday, affected by rising political tensions in the UK and changing expectations regarding US monetary policy.

The budget announced on November 26 implemented tax increases that will take effect later, while also addressing concerns from Labour MPs and financial markets.

The weekly forecast for GBP/USD shows a positive outlook as the dollar weakens. Soft US macroeconomic data and the Federal Reserve's aggressive easing measures may continue to support the strength of the pound bulls.

The euro remained stable on Friday after the release of the latest eurozone Consumer Price Index (CPI) data. Inflation is stable across most member states, and decreasing energy prices may contribute to this trend.

Japan's retail trade saw a surprising year-on-year increase of 1.7%, exceeding forecasts. As a result, both the pound and gold experienced gains amid expectations of a Federal Reserve interest rate cut, while XRP encountered mixed signals in the market.

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Credit Agricole reports that the dollar is traditionally sold in December, highlighting seasonal trends in currency exchange.

The British pound has recovered against the yen following an initial decline. This rebound is attributed to interest rate differentials and an increased risk appetite, suggesting potential for further gains toward the 210 mark.

The Euro is displaying a slight upward trend against the British Pound during a quiet trading session on Friday, although buyers are having difficulty maintaining levels above 0.8770.

The Pound to Dollar exchange rate (GBP/USD) has retreated to around 1.3220 after reaching four-week highs near 1.3270. The recent fluctuations in the exchange rate are attributed to subdued trading activity during the holiday period.

The GBP/USD forecast continues to show strength as the pair has risen for the seventh consecutive session, reaching approximately 1.3240 during Friday's trading.

The Pound-to-Euro exchange rate (GBP/EUR) fell back to around 1.14 after reaching a four-week high. This decline was influenced by a decrease in short covering and an increase in gilt yields.

The US dollar strengthened in light trading following Thanksgiving, causing both EUR/USD and GBP/USD to retreat from significant moving averages. Key support levels continue to be relevant in the market.

The US Dollar is experiencing considerable difficulties this week, with the Dollar Index (DXY) remaining on the defensive throughout every trading session, following a decline from last week's levels.

The GBP/USD pair reached a four-week high on Thursday, but its upward momentum stalled near the 1.3265-1.3270 range during early European trading.

The GBP/USD exchange rate climbed to four-week highs, surpassing 1.32, following tumultuous budget leaks that led to short covering in the market.