Pound Sterling Price News and Forecast: GBP turns upside down against USD

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British Pound turns upside down against USD as Fed’s Waller warns of bigger rate hike

The British Pound (GBP) gives back its early gains and turns negative at around 1.3430 against the US Dollar (USD) during the European trading session on Tuesday. The GBP/USD pair drops as the US Dollar recovers quickly, following hawkish remarks from Federal Reserve (Fed) Governor Christopher Waller.

At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, turns almost flat at around 101.65 after clawing back early losses. Read more...

GBP/USD Price Forecast: Holds gains near 1.3450, maintains constructive bias above 100-day SMA

The GBP/USD pair trades in positive territory around 1.3445 during the early European session on Tuesday. However, markets might turn cautious later in the day ahead of the release of the US October Consumer Price Index (CPI) inflation report.

Last week, the BoE raised its benchmark interest rate by 25 basis points (bps) to 4.00%, marking its first rate increase in over three years. The UK central bank warned that at least one more increase is likely if the US-Iran conflict continues. Read more...

British Pound steadies below 1.3450 ahead of US CPI data

The GBP/USD pair holds steady around 1.3445 during the early Asian trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of US Consumer Price Index (CPI) inflation data later in the day. Also, Bank of England (BoE) policymaker Sarah Breeden is set to speak.

Stronger-than-expected US Nonfarm Payrolls (NFP) data have reinforced expectations that the US Federal Reserve (Fed) could keep interest rates higher for longer. This, in turn, could lift the Greenback in the near term. Read more...

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AUD/USD stays weak above 0.6900 after China’s trade data

AUD/USD struggles to capitalize on the previous day’s recovery and stays defensive on the 0.6900 level following the narrowing of trade surplus in China. Increased December Fed rate hike bets allows the US Dollar to pause its decline and weigh on the pair. US CPI data is next of note for the major.

USD/JPY retakes 158.00 on weak Japanese data; focus shifts to US CPI

USD/JPY attracts some dip-buyers and retakes 158.00 in the Asian session on Tuesday as a fall in Japan’s Household Spending offsets hawkish BoJ Summary of Opinions, undermining the Japanese Yen. Moreover, Fed hike bets support the safe-haven US Dollar and the currency pair. The market focus now shifts to the release of the crucial US CPI report.

Gold comes under pressure; breaks below $4,100

Gold surrenders a big chunk of Monday’s advance and breaches below the key $4,100 mark per troy ounce on Tuesday. The precious metal’s decline follows the tepid bounce in the US Dollar and rising US Treasury yields prior to US inflation figures.

Pi Network rebounds from record lows, exits oversold territory as momentum improves

Pi Network (PI) shows a strong recovery on Tuesday, up over 7% after recording its all-time low of $0.0624 the previous day. PI token’s appeal in the derivatives market shows minor improvement, with Open Interest rising to $6.21 million.

US CPI data set to ease in October as markets reassess Fed rate hike expectations

The US Bureau of Labor Statistics will publish the October Consumer Price Index data on Tuesday, a release that could influence the US Dollar valuation as investors reassess the Federal Reserve’s interest-rate outlook. The report won’t include 12-month percentage changes for most CPI series in this release, due to missing October 2025 monthly data because of the lack of collection during the government shutdown from October 1, 2025, to November 12, 2025.

Gold reclaimed $4,100. Tuesday’s CPI test decides if it holds

Gold (XAU/USD) starts the week on a positive note, reclaiming the $4,100 psychological level as the US Dollar (USD) retreats from its recent highs. The precious metal recovers from Friday's losses, although investors remain cautious ahead of Tuesday's US Consumer Price Index (CPI) report, which could determine the next direction for Bullion.