Pound Sterling Price News and Forecast: GBP/USD recovered four-tenths of a percent

FXStreet Team FXStreet

GBP/USD rebounds despite UK PMI miss

GBP/USD recovered some much-needed ground on Thursday, climbing 0.4% as Cable bidders grapple with keeping price action north of the 1.2900 handle. UK Purchasing Managers Index (PMI) figures broadly missed the mark early Thursday, but both the Services and Manufacturing PMI components held north of contraction territory below 50.0.

US PMI figures broadly beat expectations, containing US Dollar losses and keeping GBP/USD tied up just below 1.3000. US Manufacturing PMI activity figures rose to 47.8 in October, beating the expected 47.5 and climbing even further from August’s 47.3. Meanwhile, the Services PMI component bounced to 55.3, climbing from the previous month’s 55.2 and beating the expected decline to 55.0. Read more...

GBP/USD Price Forecast: Climbs on UK fiscal changes, stalls at 100-day SMA

The Pound Sterling recovered some ground against the Greenback after UK GILTS yields jumped after Chancellor Reeves confirmed that a change to UK fiscal rules would help fund GBP 20 billion in investment. At the time of writing, the GBP/USD trade was 1.2974, up by 0.41%.

The GBP/USD bounced off the bottom trendline of an ascending channel after hitting a two-month low of 1.2907. Since then, the pair recovered some ground and hit a high of 1.2987, before struggling to sustain the advance above the 100-day Simple Moving Average (SMA) at 1.2964. Read more...

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FXStreet Team

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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.

GBP/USD drops to multi-week lows below 1.3300

GBP/USD sets aside Friday’s uptick and breaches below the 1.3300 yardstcik on Monday to hit new multi-week troughs. Falling crude oil prices following a pause in the Middle East conflict in combination with the recent soft reading in UK inflation appear to play against any BoE tightening ahead of the bank’s event later in the week.

EUR/USD meets support near 1.1370

EUR/USD fades the initial bull run past 1.1400 the figure, deflating toward the 1.1370 zone on Monday. That said, the pair reverses two daily drops in a row on the back of the irresolute price action in the US Dollar, at the time when investors continue to closely follow developments from the Middle East conflict. Next on tap is the release of the US Consumer Confidence gauge by the Conference Board.

Gold eyes $4,050 on bullish USD as traders look to FOMC policy meeting

Gold slides back closer to $4,050 during the Asian session on Tuesday amid a bullish US Dollar. The downside seems limited as traders might opt to wait for the outcome of a two-day FOMC policy meeting on Wednesday. Furthermore, a pause in US-Iran hostilities led to a slump in crude oil prices, easing inflationary concerns and tempering bets for Fed rate hikes. This holds back the USD bulls from placing aggressive bets and should act as a tailwind for the non-yielding bullion.

Ethereum: BitMine buys back over 6 million shares, scoops 10K ETH

Ethereum treasury firm BitMine Immersion Technologies increased its share buybacks last week while scooping extra tokens into its ETH stash. The Las Vegas-based firm bought back 6.1 million shares of its common stock last week, following a 5.5 million share purchase the prior week.

Neither Hormuz nor Oil at $120: Why Japanese bond yields are the real market threat

While geopolitical headlines continually send traders rushing to the Oil charts, history shows that the biggest market moves often begin when liquidity disappears, not when crude spikes. Rising bond yields, particularly in Japan and Switzerland, threaten to trigger the unwinding of one of the largest leveraged trades in financial history.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.