Pound Sterling Price News and Forecast: GBP/USD edges higher as traders await UK jobs and CPI data

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British Pound edges higher as traders await UK jobs and CPI data

The Pound Sterling (GBP) registers modest gains of 0.14% on Monday against the US Dollar (USD) as investors digest softer-than-expected US inflation data and brace for the release of crucial UK jobs and inflation data. The GBP/USD pair trades at 1.3552 after hitting a three-month high of 1.3571. Read More...

GBP/USD Price Forecast: Bulls press toward 1.3600 as uptrend strengthens

GBP/USD edges higher on Monday as fading expectations of an imminent Federal Reserve (Fed) rate hike drag the US Dollar (USD) lower and lift the British Pound (GBP) to its highest level since May 12. At the time of writing, the pair trades around 1.3555, building on its late-July recovery after clearing several key moving averages. Read More...

British Pound hits three-month highs at 1.3570 amid generalised US Dollar weakness

The British Pound (GBP) extends gains for the second consecutive day on Monday, as investors cut back US Dollar (USD) long positions, amid a dovish repricing of the Federal Reserve’s (Fed) monetary policy. The pair has reached levels above Friday’s peak at 1.3561 to hit three-month highs at 1.3571 so far. Read More...

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AUD/USD drops to one-week low, below 0.6950 on weak Aussie jobs data

AUD/USD attracts some sellers in reaction to disappointing Australian jobs data, extending the previous day's retracement slide from the monthly high and hitting a fresh weekly low during Thursday’s Asian session. Meanwhile, declining US bond yields drag the US Dollar away from the April 2025 high, touched after Wednesday's hot US CPI, helping limit losses for the currency pair.

USD/JPY slides back below 158.00 as USD reverses post-CPI gains

USD/JPY extends the previous day's pullback from a three-week high, attracting follow-through selling and sliding below 158.00 during Thursday's Asian session. Traders remain on high alert amid speculation that authorities will step in to prop up the Japanese Yen. The US Dollar, meanwhile, reverses Wednesday's hot CPI-led gains to April 2025 highs as US bond yields retreat, further pressuring the currency pair.

Gold recovers to $4,150 as retreating US bond yields weigh on USD

Gold attracts strong buying during the Asian session on Thursday, snapping a three-day losing streak to a one-week low. Retreating US bond yields drag the US Dollar away from the April 2025 high, touched in reaction to Wednesday’s hot US CPI report, and boost the non-yielding bullion. That said, energy-driven inflation risks keep bets of a Fed rate hike firmly on the table, which should cap the precious metal.

Bitcoin falls on hot CPI: Why $80,000 support matters

Bitcoin's (BTC) most critical level to watch is near $80,000 as September's hot inflation reading pressures the crypto market, according to Glassnode. The top crypto declined within minutes of the September Consumer Price Index (CPI) release, which showed a 3.7% annual increase in headline inflation, above forecasts of 3.6%. Core inflation, which excludes food and energy prices, came in at 2.6%.

Stock futures just went red on the CPI. Here's what the bond market is pricing that equities haven't caught up to

Since late June, the bond market has been pricing in a Federal Reserve that keeps raising rates into 2027, and most US stocks have already been marked down for it. The S&P 500 hasn't, because a handful of AI-linked giants make up much of the index and their prices haven't followed the rest.

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin (BTC) on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?