GBP in the spotlight: latest news

The Reserve Bank of Australia has maintained interest rates at 3.6%, adopting a cautious approach for 2026. This decision has shifted traders' focus towards Australia's employment figures and the forthcoming US Consumer Price Index report.

The GBP/USD exchange rate has reached $1.3160 following the Bank of England's decision to maintain interest rates at 4%. Meanwhile, the U.S. Dollar Index fell below 101 due to disappointing jobs data and a six-week government shutdown, contributing to the pound's rally.

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European stocks are experiencing a decline, heading towards their worst weekly drop since August. This downturn is also reflected in UK bonds and the pound, which are both falling as well.

Gold prices have decreased by 8.7% from their record high, with XAU/USD currently trading slightly above the $4,000 level. Although the overall trend appears positive, the short-term momentum remains uncertain.

The Canadian Dollar surged on Friday following stronger-than-expected employment data, indicating a rebound in the labor market and bolstering confidence in the economy.

The GBP/USD weekly forecast appears slightly bullish due to a weakening US dollar attributed to an ongoing government shutdown. Market attention is focused on the potential actions of the central bank.

ING has revised its Euro to Dollar (EUR/USD) forecast, projecting the exchange rate to reach 1.18 by the end of 2025. The Euro has recently declined significantly, dropping to around 1.15 after temporarily exceeding 1.19.

The Pound Sterling (GBP) continued its downward trend, hitting seven-month lows around 1.3000 against the US Dollar (USD), before buyers promptly stepped in to support the currency.

The British Pound is set to experience its third consecutive weekly decline as investors anticipate potential interest rate cuts from the Bank of England and a stricter budget in the UK later this month.

The Canadian Dollar is experiencing a temporary recovery as the USD/CAD exchange rate halts a six-day rally that reached seven-month highs. This shift comes in response to stronger-than-expected employment figures in Canada.

The British Pound (GBP) continued to face challenges against the Euro (EUR) and the US Dollar (USD) following the Bank of England's dovish stance. This has increased speculation about potential rate cuts in December.

GBP/USD remains steady around 1.3150 on Friday, showing slight gains as the market evaluates limited economic data from both the UK and the US government.

The GBP/USD exchange rate has fallen to 1.3148 following the announcement of 153,000 job losses in the US and a GDP warning of a potential decline of 1.5%. The Bank of England's decision to maintain a dovish stance at 4% and concerns over a government shutdown are limiting the Pound's upward movement.

The Pound to Euro (GBP/EUR) exchange rate fell on Friday, hovering around 1.1350, as investors reacted to the Bank of England's cautious stance and increasing economic concerns. Analysts are now predicting that the rate could reach 1.12 within the next six to twelve months.

UniCredit forecasts that the exchange rate for the British Pound to Euro (GBP/EUR) will reach 1.11.

The US dollar is experiencing some weakness on Friday, with the euro showing only a slight and fragile recovery. The British pound encounters resistance around the 1.32 level, while the EUR/GBP exchange rate is also under pressure.

Rabobank forecasts that the US Dollar to Brazilian Real (USD/BRL) exchange rate will stabilize at 5.55 by the end of 2025. On Friday, the exchange rate remained steady at around 5.35, with the Brazilian Real exhibiting minimal fluctuations amidst ongoing trade activities.

The GBP/CHF pair has rebounded from the 1.05 level; however, bearish pressure continues to be a concern. Traders should monitor the 1.0650 mark as a significant resistance point, especially in light of potential Bank of England rate cuts and the strength of the Swiss franc.

The GBP/USD pair has shown signs of recovery following the Bank of England's decision to maintain interest rates at their current level. However, it remains below the 1.31 mark, influenced by a split vote that reflected a cautious stance from the central bank.

The GBP/USD exchange rate remained steady just above 1.3000 on Wednesday, trading at approximately 1.3020. This stability comes amid stronger-than-expected economic data from the United States and ongoing trader focus on the Bank of England's future decisions.

GBP/USD remains stable around $1.31 as the Bank of England maintains interest rates at 4.0%. Traders are closely monitoring comments from Governor Andrew Bailey for insights into future policy direction.

The Pound to US Dollar (GBP/USD) exchange rate increased on Thursday as investors responded to the Bank of England's contentious interest rate decision and concerns about a potential government shutdown impacting the US Dollar.

The GBP/USD pair is experiencing a positive trend for the second consecutive day on Thursday, aiming to extend the gains from the previous day's rebound.

The British pound strengthened following the Bank of England's decision to maintain interest rates. However, the overall bearish trend persists, with resistance levels around 1.32 and potential downside risks below 1.30.