Pound Sterling Price News and Forecast: GBP/USD is dragged back towards the 1.3300 round-figure mark

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When is the UK Jobs Report and how could it affect GBP/USD?

The UK labor market report is due for release at 06:00 GMT this Tuesday and is expected to show that the ILO Unemployment Rate held steady at 4.7% during the three months to September. Meanwhile, the Average Weekly earnings, including bonuses, are expected to rise 4.7% during the reported period, while excluding bonuses, the growth in wages is seen slowing to 4.7% from 4.8% previously.

According to Michael Hewson, an independent analyst, “the prospect of further rate cuts from the Bank of England in the near term remains less likely than the government would like. In the 3 months to July, wage growth slowed only modestly to 4.8%, from 5%, while unemployment remained steady at 4.7%.” Read more...

GBP/USD slips as Dollar rebounds, ahead of UK data and Fed speeches

The GBP/USD ended Monday’s session with loses of 0.13% as the Greenback staged a recovery, after US President Donald Trump tempered its rhetoric on China, over the weekend. At the time of writing, the pair trades at 1.3333 as the Tuesday’s Asian session begins.

The daily recap shows that price action reversed its course as last Friday, Trump threatened to impose 100% additional tariffs on Chinese products, as China imposed duties on US vessels, and export controls on rare earths. Nevertheless, Trump posted in his Truth Social network that everything would be “fine,” echoed later by comments of Treasury Secretary Bessent who said that US and Chinese Presidents are set to meet at South Korea towards the end of the month. Read more...

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AUD/USD falls to near 0.7100 after slipping below 50-day EMA

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Cardano hits five-year low even as Hoskinson clarifies "break" isn't an exit

Cardano (ADA) price is down 10% at press time on Friday, extending losses over 30% so far this week amid Charles Hoskinson's clarification that "break" isn't an exit.

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The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.