GBP in the spotlight: latest news

Recent forecasts indicate that the Pound Sterling is expected to decline against the Euro, while its performance against the US Dollar is projected to differ.

The UK 30-year bond yield reached a 27-year high of over 5.70% earlier this week, leading to increased selling pressure on the Pound. UBS forecasts that the GBP/EUR exchange rate will be around 1.1365 by the end of 2025.

The GBP/USD pair rose above the 1.35 mark on Friday, driven by a disappointing US jobs report that solidified expectations for the Federal Reserve's monetary policy adjustments.

The Pound to Dollar exchange rate (GBP/USD) rose above 1.35 on Friday, following a disappointing US payrolls report that strengthened expectations for an upcoming interest rate decision.

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Gold prices have recently experienced a breakout from a second bull pennant, currently standing over 80% higher than last year’s lows. The upcoming Consumer Price Index (CPI) and Producer Price Index (PPI) reports next week may provide further opportunities for the market.

The UK 30-year bond yield recently reached a 27-year high, surpassing 5.70%. This spike has contributed to increased selling pressure on the British Pound. UBS forecasts that the GBP/EUR exchange rate will settle at 1.1365 by the end of 2025.

Foreign exchange strategists at Rabobank have adopted a cautious outlook for the British Pound Sterling, predicting it will decline to around 1.33 against the US Dollar. They also forecast that the Euro will reach 1.14 against the Pound.

Silver prices have increased slightly following disappointing U.S. jobs data. However, concerns about economic growth are impacting industrial demand for the metal. Traders are closely monitoring potential Federal Reserve rate cuts and significant technical levels in the silver market.

The latest forecasts for the Pound Sterling in 2025 indicate that it will likely face challenges against the Euro while expected to strengthen against the Dollar.

The silver price (XAG/USD) is drawing buyers around $40.85 during Friday's Asian trading session, supported by a decline in the US Dollar (USD).

Lombard Odier predicts that the pound will decline in value against the euro due to increasing fiscal pressures and a reassessment of the UK's economic outlook by investors.

US stocks are poised to open higher as disappointing jobs data has strengthened expectations for a rate cut by the Federal Reserve in September, along with potential further reductions in the future.

The Australian dollar fell sharply on Thursday, facing resistance at 0.6550. If the support at the 50-day EMA breaks, it could decline further to 0.64.

The Pound Sterling received a positive boost from an increase in retail sales, reflecting favorable market conditions.

The UK Retail Sales data, set to be released at 0600 GMT, is anticipated to show a growth of 0.2% in July, a decline from the previous 0.9% increase.

UK retail sales exceeded expectations, providing a boost to market sentiment. Meanwhile, former President Trump signed a trade agreement with Japan, further influencing economic discussions. The FTSE 100 index showed resilience by bouncing off its 100-day moving average. As investors await the Non-Farm Payroll (NFP) data, questions remain about its potential impact on the markets.

UK retail sales increased by 0.6% in July, following a 0.3% rise in June, which complicates the Bank of England's monetary policy outlook. Ongoing consumer demand poses a risk of further inflationary pressures.

UK bonds and the pound continue to rise following disappointing US jobs data. Additionally, UK retail sales have seen an increase due to the Women's Euros, while house prices have reached an all-time high.

The British pound strengthened, surpassing $1.35, due to a general decline in the dollar following US jobs data that indicated a continued slowdown in the labor market.

The outlook for the Pound to Dollar (GBP/USD) exchange rate remains limited, holding below 1.3500. Currently, Sterling is consolidating around 1.3430, as weaker US jobs data does not significantly impact the dollar.

GBP/USD is gaining bullish momentum, trading above 1.3450 during the European session after a lack of decisive movement in either direction on Thursday. Traders are closely watching for key resistance levels ahead of the upcoming US jobs data.

Sterling recovered from its early-week decline, with GBP/USD establishing a monthly opening range just below key resistance levels. The market is poised for a significant breakout in September as technical indicators suggest a critical juncture.

The Pound to Dollar (GBP/USD) exchange rate recently fell to a three-week low of below 1.3350 but has since bounced back above 1.34. MUFG anticipates further declines in the value of the dollar, projecting that the GBP/USD could reach 1.40 by the second quarter of 2026.

The US dollar fell sharply against the Pound and Euro on Friday following a disappointing jobs report that revealed only 22,000 new positions were added in August, marking the slowest growth in employment.