Pound Sterling Price News and Forecast: GBP/USD likely to edge higher within a range of 1.3065/1.3230

FXStreet Team FXStreet

Pound Sterling underperforms as UK job market deteriorates further

The Pound Sterling (GBP) falls sharply against its major currency peers on Tuesday. The British currency weakens as the United Kingdom (UK) labour market data for the three months ending September has signaled that job market conditions have deteriorated further. Read more...

GBP/USD: Likely to edge higher within a range of 1.3065/1.3230 – UOB Group

Pound Sterling (GBP) is likely to trade in a range between 1.3130 and 1.3190. In the longer run, GBP is likely to edge higher within a range of 1.3065/1.3230, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. Read more...

GBP: Dovish vibes from jobs market – ING

This morning’s UK jobs numbers came in on the soft side, ING's FX analyst Francesco Pesole notes.

"Unemployment rose to 5.0% in the three months to September (exp. 4.9%) and October’s employment contracted by -32k, following a revised -32k (first print was -10k) for September. Weekly earnings slowed across the board, with the headline (3M/YoY) measure undershooting expectations at 4.8%." Read more...

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FXStreet

EUR/USD holds ground above 1.1800 ahead of Eurozone inflation data

EUR/USD trades on firmer ground above 1.1800 in the European session on Wednesday. The US Dollar struggles amid Wall Street tech sell-off and uncertainty over the Fed's potential monetary path, keeping the pair afloat ahead of the release of the Eurozone's Preliminary Harmonized Index of Consumer Prices.

GBP/USD stays bid above 1.3700, awaits top-tier US data

GBP/USD sticks to gains above 1.3700 in European trading on Wednesday. The pair takes advantage of a pause in the US Dollar rally, even as markets turn cautious ahead of the US ADP jobs report and the ISM Services PMI data. The BoE's 'Super Thursday is keenly awaited.

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Bitcoin, Ethereum and Ripple extend free fall amid broad market sell-off

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Gold and silver recovery continues, but equities sink as tech is shunned

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Solana Price Forecast: SOL drops below $100 as bears tighten grip

Solana (SOL) trades below $100 at press time on Wednesday, after taking a more than 6% hit the previous day as the broader cryptocurrency market slipped. Institutional and retail demand for Solana continues to decline, while on-chain data shows a record 150 million daily transactions on Tuesday.