Pound Sterling Price News and Forecast: GBP/USD likely revisit four-month low near 1.3140

FXStreet Team FXStreet

GBP/USD price Forecast: Likely revisit four-month low near 1.3140

The British Pound (GBP) looks vulnerable against the US Dollar (USD) near its four-week low of 1.3222 during the European trade on Friday. The GBP/USD pair is under pressure due to continued outperformance by the US Dollar.

In the European trade, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, posts a fresh 19-month high at 103.28. Read more...

GBP/USD – Breaks below 0.618 support arc – Confirmed breakdown

Based on Arc Cycle Analysis™ applied to the 4h chart, GBPUSD is breaking below the 0.618 Support Arc, confirming a bearish breakdown within the current arc cycle. The next level in focus sits at 1.3185.

GBPUSD is breaking below the 0.618 Support Arc, confirming a bearish breakdown within the current arc cycle. The broken arc is now expected to act as resistance, with the next level in focus at 1.3185. Read more...

British Pound extends losing streak against US Dollar, US PPI in focus

The British Pound (GBP) extends its losing streak against the US Dollar (USD) for the fourth trading day on Friday. The GBP/USD pair drops to near 1.3227 as the US Dollar continues to outperform on prospects that the Federal Reserve (Fed) will speed up its monetary tightening cycle.

At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, clings to its 19-month high of 103.24 posted on Thursday. 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 seems vulnerable near 0.6800, 10-month low amid bullish USD

AUD/USD languishes near a 10-month low during the Asian session on Friday, awaiting a break below 0.6800 before the next leg up amid a bullish US Dollar. Firming Fed rate-hike expectations, along with fading hopes for US-Iran diplomacy, help the USD hold gains at its highest level since April 2025. Moreover, the RBA’s dovish tilt undermines the Aussie and backs the case for further losses.

USD/JPY bulls turn cautious near 160.00 amid intervention risks

USD/JPY enters a bullish consolidation phase around its highest level since early September as bulls turn cautious amid intervention risk near 160.00. Meanwhile, the downside seems cushioned as the wide US-Japan interest rate gap keeps the Yen carry trade active. Furthermore, the possibility of a jumbo Fed rate hike and Middle East uncertainties hold the US Dollar near a 19-month top, supporting the currency pair.

Gold sticks to gains above $3,900; bulls lack conviction as Fed and Iran risks support USD

Gold clings to modest recovery gains above the $3,900 mark during the Asian session, snapping its three-day losing streak to the lowest level since late September set the previous day. The US Dollar takes a breather after a strong three-day rally to its highest level since April 2025, offering some support to the commodity. However, firming US Federal Reserve rate-hike expectations and Middle East uncertainties continue to support the Greenback. This keeps a lid on any further upside for the precious metal.

Bitcoin just posted five straight losing weeks, and the storm may not be over yet

Bitcoin is struggling to find support, slipping below $70,000 as multiple headwinds threaten to push the Crypto King lower. The much-anticipated “Uptober” rally failed to materialize, with persistent selling pressure and widespread liquidations instead reinforcing the “Rektober” narrative.

Week ahead – Fed Minutes, inflation data and Nvidia earnings to guide investors

Fed minutes may add to hawkish tone as bets of 50-bps hike grow. Nvidia to report earnings as bar to impress high after spy scandal. Trade and geopolitics to be focal point of Trump-Xi summit.

What the US CPI headline doesn’t tell you about inflation

Brent crude has fallen about a third since mid-October on hopes the Iran war is ending, but diesel, freight and fertiliser costs haven't followed. Those costs reach US consumer prices in stages through 2027 and could keep inflation high after gasoline gets cheaper.