GBP in the spotlight: latest news

The Pound Sterling has fallen to a two-month low, prompting concerns among investors. This decline has raised questions about the currency's future performance amid fluctuating economic conditions.

The Pound to Euro exchange rate (GBP/EUR) faced downward pressure as concerns over potential interest rate cuts from the Bank of England (BoE) weighed on the British Pound. As a result, the GBP/EUR remained close to 1.1450 at the start of trading.

MUFG has forecasted that the GBP/EUR exchange rate will aim for a target of 1.1240.

The GBP/USD forecast showed a brief recovery as the dollar weakened. Recent data on UK retail sales and the flash S&P Global PMI have strengthened the pound, leading to a decrease in the currency pair's value.

EUR/USD is currently trading within the October range as it approaches significant event risks scheduled for next week. The potential for a breakout increases as the monthly crossover approaches, setting the stage for pivotal market movements.

Teck Resources exceeded third-quarter profit expectations, driven by rising copper and zinc prices, despite experiencing production challenges at its Quebrada Blanca mine.

The Australian dollar is expected to experience significant volatility in the upcoming week as traders brace for key events, including the Federal Reserve's policy decision and the release of Australia's Consumer Price Index (CPI).

The Pound to Euro exchange rate faced renewed pressure on Friday, despite stronger-than-expected data from the UK. Investors are increasingly concerned about upcoming tax changes in the UK budget.

The Pound to Dollar exchange rate (GBP/USD) remained stable just above 1.33 at the start of the new week, following a brief decline to 10-day lows on Friday.

The British pound (GBP/USD) has fallen to 1.3287, a decrease of 0.85% this week. This decline is attributed to weaker U.S. inflation data, which bolsters expectations for a Federal Reserve rate cut, despite strong retail performance in the UK.

The USD/JPY, NASDAQ, S&P 500, Nikkei, and KOSPI are experiencing increases due to low US inflation and expectations of interest rate cuts. The report includes key levels and recommended trading strategies.

The Euro to Dollar exchange rate (EUR/USD) remained stable on Friday, receiving support near 1.1600 before rising to approximately 1.1640, following softer-than-expected US economic data.

The Lagos State Government has reaffirmed that the long-anticipated relocation of Computer Village in Ikeja to the new ICT and Business Park will soon take place, supported by a flexible payment plan for those affected.

Abbey Mortgage Bank Plc announced its unaudited financial results for the third quarter ending September 30, 2025, revealing a pre-tax profit of N670 million, surpassing expectations.

Signify, the largest lighting manufacturer globally, announced a larger-than-anticipated decline of 8.4% in its third-quarter sales, attributing this downturn to weaker demand in the United States, which has adversely affected its professional lighting division.

The GBP/USD currency pair remains stable around 1.3325, fluctuating between 1.3247 and 1.3350. This stability comes as U.S. inflation decreases to 2.8% while the UK experiences minimal growth at 0.1%.

The GBP/USD weekly forecast is expected to remain subdued as the currency pair consolidates around the 1.3325 level, ahead of significant economic announcements from both the UK and the US.

The Pound to Dollar exchange rate strengthened on Friday as investors reacted to better-than-anticipated UK business activity data, suggesting that GBP could remain above the 1.32 to 1.3250 range.

The Pound Sterling (GBP) experienced another setback as it struggled to reach the 1.3500 mark against the US Dollar (USD), causing GBP/USD to decline once more.

The British Pound experienced a slight decline against both the Euro and the Dollar on Friday, despite recent UK data indicating robust business activity and consumer confidence that exceeded expectations.

GBP/USD is trading steadily at approximately 1.3325 on Friday, remaining unchanged for the day following a turbulent session influenced by various economic data releases.

The Japanese Yen is experiencing ongoing weakness, with the USD/JPY pair rising for the sixth consecutive day on Friday. This upward movement is approaching a significant technical resistance level as traders assess market conditions.

The GBP/USD outlook indicates that the pair is facing pressure, currently trading below the 1.3340 level following four consecutive losses.

The Pound to Euro exchange rate (GBP/EUR) remained stable within narrow ranges on Friday, supported by new data from the UK that helped stabilize the Pound Sterling following inflation concerns.

The Pound Sterling (GBP) is trading cautiously at approximately 1.3315 against the US Dollar (USD) in the European trading session on Friday.