GBP in the spotlight: latest news

The exchange rate between the Pound and the Canadian Dollar (GBP/CAD) declined last week due to rising UK gilt yields, which unsettled the markets. However, the situation stabilized following the release of stronger economic data from the UK.

Senior Technical Strategist Michael Boutros emphasizes key technical levels for USD majors, commodities, and stocks as the week begins.

The Pound to Australian Dollar exchange rate (GBP/AUD) declined last week due to a surge in UK gilt yields, reaching multi-decade highs. This increase negatively impacted sentiment towards the British pound, making it vulnerable as market conditions favored riskier assets, boosting the Australian dollar.

The Pound Sterling and the New Zealand Dollar both experienced a decline last week as UK bond yields reached multi-decade highs, negatively impacting sentiment towards the British currency.

The new week begins with the Pound to Australian Dollar exchange rate (GBP/AUD) experiencing a significant daily decline, currently down by 0.40%.

The British Pound made an effort to rise against a weaker Yen in early morning trading; however, sellers emerged around the 200.30 mark, causing the pair to decline by 0.15%.

The GBP/USD exchange rate experienced significant volatility last week due to disappointing US jobs data and a sell-off in UK gilts, which affected overall risk sentiment. Analysts are closely watching the upcoming US Consumer Price Index (CPI) report to determine its potential impact on the currency pair.

The near-term forecast for the Pound to Dollar (GBP/USD) exchange rate is influenced by pressure from the Federal Reserve and ongoing fiscal concerns in the UK.

GBP/USD remains in a consolidation phase above 1.3500 after experiencing a rise of over 0.5% on Friday. The pair is technically positioned for a bullish outlook in the short term.

The Pound to Dollar exchange rate (GBP/USD) appears to be well-supported as the new week begins, and we anticipate further gains in the upcoming days.

The British Pound experienced significant volatility during Friday's trading session, reflecting fluctuating risk appetite in the market.

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The Pound Sterling (GBP) is experiencing gains at the start of the week as traders analyze the latest US employment report, which has bolstered investor optimism regarding the currency's strength.

The Pound to US Dollar exchange rate (GBP/USD) rose on Monday, influenced by disappointing US jobs data from Friday that weakened the Dollar. Additionally, stable gilt yields contributed to this upward movement.

Forecasts for the Pound to Euro exchange rate (GBP/EUR) are showing significant divergence, highlighting the increasingly uncertain outlook for the currency pair.

The Pound-to-Euro forecast indicates that the Euro is experiencing mixed movements due to economic data, while the British Pound is following the trends of government bonds.

The Pound to Euro exchange rate (GBP/EUR) is expected to face continued pressure in the coming week, influenced by developments in French politics and other factors.

The Pound to Euro exchange rate remained stable on Monday, maintaining a range as positive sentiment in the market coincided with stronger-than-expected German industrial output.

The Pound to US Dollar (GBP/USD) exchange rate increased at the beginning of the week, reflecting the ongoing impact of Friday's disappointing US payrolls report.

The upcoming week will see GBP investors closely monitoring the UK's latest GDP figures. Economists anticipate that growth has stalled at the beginning of the third quarter, which could impact the currency's performance.

Dubai's real estate market is becoming an attractive opportunity for UK investors in 2025, fueled by favorable currency dynamics and geopolitical changes.

Speculation about a 50 basis point rate cut by the Federal Reserve on September 17 has increased following disappointing US employment data. However, further negative developments in the labor market may temper these expectations. Meanwhile, political developments in France could lead to a possible downgrade, while the European Central Bank is expected to maintain its current policy stance.

The USD/CAD currency pair is currently testing the 2025 downtrend, with the September opening range forming just below this level, indicating that a breakout may be imminent. Key resistance and support levels are being established on the weekly technical charts.

The USD/CHF currency pair is exhibiting signs of weakness as sellers re-enter the market. Attention is being drawn to the critical 0.79 level, particularly in light of ongoing global economic concerns.

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