Pound Sterling Price News and Forecast: GBP/USD clings to 1.3300 as UK inflation test threatens recovery

FXStreet Team FXStreet

British Pound clings to 1.3300 as UK inflation test threatens recovery

The Pound Sterling (GBP) holds steady against the US Dollar (USD) at the start of the week, with this week’s UK inflation data likely to influence its near-term direction amid elevated energy prices linked to the US-Iran conflict. At the time of writing, GBP/USD holds above 1.3300, up 0.07%. Read More...

GBP/USD Price Forecast: British Pound to remain volatile in heavy UK data week

The British Pound (GBP) trades marginally lower at around 1.3314 against the US Dollar (USD) during the European trading session on Monday, but is wobbling inside Friday’s trading range. The GBP/USD pair is expected to remain sideways as investors await key United Kingdom (UK) employment data for quarter ending August and the Consumer Price Index (CPI) data for September, which are scheduled for Tuesday and Wednesday, respectively. Read More...

British Pound reflects mixed performance at the start of UK data-packed week

The British Pound (GBP) trades mixed against its currency peers at the start of the United Kingdom (UK) data-packed week. Against the Japanese Yen (JPY), the British currency is almost flat at around 210.74. Read More...

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

AUD/USD climbs toward 0.7000 after strong China data dump

AUD/USD attracts follow-through buyers for the second straight day on Monday, extending last week's recovery toward 0.7000 in Monday's Asian trading. Strong Chniese Q3 GDP and activity data for September strengthen the pair's advance, following RBA Assistant Governor Chris Kent's hawkish remarks.

USD/JPY struggles near 158.00 amid hawkish BoJ, subdued USD

USD/JPY remains defensive near 158.00 in the Asian session on Monday, as the US Dollar remains depressed near a two-week low amid the recent decline in US bond yields. Furthermore, looming intervention risks underpin the Japanese Yen and weigh on the pair amid BoJ Governor Kazuo Ueda's hawkish remarks. However, Fed rate-hike bets and geopolitical uncertainties could limit USD losses and the major.

Gold drops to daily lows below $4,150

Gold builds on Friday’s retracement and slips back below the $4,150 mark per troy ounce on Monday. The better tone in the US Dollar and a decent bounce in US Treasury yields across the curve keep the yellow metal under pressure for now.

Crypto Today: Bitcoin, Ethereum, XRP extend recovery despite ETFs outflows

Bitcoin edges higher above $82,000, building strong structural support despite roughly $229 million in ETF outflows last week. Ethereum recovers above $2,400 as bulls strive to regain trend control, backed by a subtle recovery in momentum indicators.

Higher than expected inflation shakes markets: What to prepare for?

US CPI report came in stronger than expected, lifting the probability of a December rate hike higher once again. Even though Fed Chair Warsh reinforced expectations of a hold for the October’s meeting, markets now face a two-step event: a likely pause on October 28, followed by an interest rate hike on December 9.

The US Dollar fell. Gold didn't rally. That tells you everything

Gold (XAU/USD) is struggling to capitalize on a weaker US Dollar (USD), after repeatedly failing to establish itself above the $4,200 level. The precious metal remains confined to a relatively narrow trading range despite a combination of developments that would normally support higher prices.