GBP in the spotlight: latest news

The British pound is maintaining support around 1.34 against the US dollar as markets anticipate the release of Friday's US Non-Farm Payroll report. A breakout above 1.36 or below 1.3367 could determine the next market trend.

The Pound to Australian Dollar (GBP/AUD) exchange rate faced downward pressure on Wednesday, reaching a ten-month low due to persistent inflation in Australia, which intensified expectations of a hawkish stance from the Reserve Bank of Australia.

The Pound to Dollar exchange rate (GBP/USD) has risen to a three-month high following a rebound from support levels in the low-1.34 range. However, the currency pair is now encountering significant challenges ahead.

The British Pound is showing signs of recovery against the US Dollar, bolstered by the Bank of England's policy stance. Market analysis indicates that this support is contributing positively to the GBP/USD outlook.

Currencies are showing little movement early Wednesday as markets prepare for the crucial Non-Farm Payroll announcement scheduled for Friday.

The British Pound (GBP) experienced a decline against the Japanese Yen (JPY) on Wednesday, marking a continuation of losses for the second consecutive day. Despite this near-term consolidation, buyers are still maintaining control of the market.

Bloomberg News has named Jason Schenker the top Major Currency Forecaster in the world for the third consecutive quarter, with his rankings extending through the end of Q4 2025.

The EUR/GBP pair is currently stabilizing at the 200-day EMA. A potential bounce may aim for a target range of 0.8725 to 0.8750. However, if the price breaks down, it could decline towards 0.86 and possibly lower.

The British pound and the euro began to diverge at the start of the year, with the GBP to EUR exchange rate climbing to its highest point in 16 weeks, surpassing 1.15 as sterling gains momentum.

The US Dollar has declined below 98.50 as traders anticipate key data from ADP, ISM PMI, and NFP, which will influence Federal Reserve expectations and impact the near-term direction of GBP/USD and EUR/USD.

The Pound to Dollar (GBP/USD) exchange rate fell on Wednesday, influenced by strong US services data that bolstered the US Dollar. Additionally, ongoing global risk concerns limited any potential gains for the currency pair.

The British pound experienced a significant rise against the Swiss Franc on Monday, as investors began to seek out "risk on" assets in the market.

The FTSE 100 has reached a new record high, driven by gains in mining and energy stocks. Next has also seen significant increases following a profit upgrade. Meanwhile, the pound remains relatively stable against the dollar.

The Pound to Euro exchange rate (GBP/EUR) rose to approximately 1.1525, achieving its highest level in ten weeks. This increase was driven by geopolitical tensions that negatively impacted the euro, while the Pound remained strong.

GBP/USD has continued its upward trend for the second consecutive session, currently trading near 1.3560 during the Asian hours on Tuesday. Technical analysis indicates that the pair has reached fresh three-month highs above 1.3550.

The US dollar has regained strength following a shift in market dynamics. After struggling to sustain its earlier gains, the dollar rebounded today as traders reacted to changing conditions.

The British pound is showing signs of a potential breakthrough after a significant recovery from Monday's initial selloff. The momentum for the currency remains strong.

The near-term outlook for GBP/USD will largely hinge on the upcoming employment data from the United States.

The Federal Reserve is anticipated to maintain interest rates steady at its January 28 meeting, following a 25 basis point cut in December.

The currency markets are closely monitoring the Federal Reserve, with particular attention on the upcoming jobs report scheduled for Friday.

The GBP/USD exchange rate reached a near four-month high on Tuesday but subsequently fell as UK economic data failed to meet expectations.

The dollar made notable gains on Monday, leading to a decline in the Pound to Dollar exchange rate (GBP/USD), which fell to 1.3415 before experiencing a minor recovery.

The Pound Sterling (GBP) is performing better than other risky currencies at the beginning of the week, although it is experiencing selling pressure against safe-haven currencies.

The GBP/USD exchange rate remained steady on Monday as heightened tensions in Venezuela over the weekend increased demand for safe-haven assets.

The pound to dollar exchange rate (GBP/USD) continues to decline from its Christmas Eve peak of 1.3533, reaching a new low of 1.3435 on Monday.