GBP in the spotlight: latest news

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.

The Producer Price Index (PPI) in Germany for September recorded a month-over-month decline of 0.1%, falling short of expectations which were set at 0.1%. In the aftermath of this news, the EUR/USD currency pair experienced some buying interest following a pullback from a two-week high, influenced by a slight weakening of the US Dollar driven by dovish expectations from the Federal Reserve.

West Texas Intermediate (WTI) crude oil prices declined on Monday during the early European trading session. WTI is currently priced at $56.82 per barrel, a decrease from Friday's closing price of $57.24.

Silver prices (XAG/USD) have risen by 0.7%, reaching approximately $52.30 in late Asian trading on Monday. The increase follows a significant correction, indicating a rebound for the metal.

The EUR/JPY currency pair is trading higher, approaching 175.65 in the early European session on Monday. The Japanese Yen is weakening against the Euro, contributing to this upward movement.

The GBP/USD pair begins the week on a steady note, maintaining its position above the 1.3400 level after experiencing significant price fluctuations on Friday.

The GBP/USD pair begins the week quietly after experiencing significant price fluctuations on Friday. It remains stable above the key level of 1.3400.

The British pound is currently trading between the 50-day and 200-day EMAs, indicating a period of indecision as traders look for a definitive movement in US dollar momentum.

The Euro to Dollar (EUR/USD) exchange rate increased to 1.17 due to renewed concerns about the US banking sector and expectations of additional rate cuts by the Federal Reserve.

Gold prices (XAU/USD) are currently trading at approximately $4,245 during the early Asian session on Monday. The decline in value is attributed to a decrease in demand following the festive season.

The Pound to Dollar exchange rate (GBP/USD) has fallen to 1.3415 after struggling to maintain its recent 10-day highs, as risk aversion dampens gains for the Sterling.

Gold's impressive rally came to a halt on Friday, as XAU/USD reached multi-year highs in terms of range, duration, and momentum. The market appears to be at a critical juncture, with significant resistance forming on the weekly technical charts.

GBP/USD is currently trading around 1.34 following Donald Trump's softened stance on China, which has strengthened the US Dollar. Additionally, weak economic growth in the UK and a dovish tone from the Bank of England have further widened the policy divergence between the two currencies.

Gold prices have experienced a remarkable breakout, achieving a ninth consecutive week of gains and reaching a new all-time high. This surge has resulted in the largest single-week price range ever recorded. However, analysts caution that there may be an exhaustion risk following this significant upward trend.

Gold's (XAU/USD) impressive rally continues, reaching a record-high of over $4,370 on Friday, although it has since experienced a slight correction.

The GBP/JPY pair is currently trading 0.2% lower, hovering around 201.60 during the late Asian trading session on Friday. This decline is attributed to the Japanese Yen outperforming other currencies, leading to increased selling pressure on the pair.