Pound Sterling Price News and Forecast: GBP/USD rises above 1.3000 after UK’s budget release

FXStreet Team FXStreet

GBP/USD Price Forecast: Rises above 1.3000 after UK’s budget release

The Pound Sterling erased some of its earlier losses, climbing above its opening price against the US Dollar, after the UK Chancellor Rachel Reeves revealed its autumn budget. The GBP/USD trades above 1.3000, virtually unchanged. Read More...

Pound Sterling recovers after UK Autumn Forecast Statement

The Pound Sterling (GBP) bounces back against its major peers on Wednesday after the announcement of the United Kingdom’s (UK) Autumn Forecast Statement. Higher taxes and big spending plans in the Labour’s first budget presentation in over 15 years have prompted a recovery in the British currency. Read More...

GBP/USD Price Forecast: Remains capped below the 100-period EMA, UK Autumn Budget in focus

The GBP/USD pair trades in negative territory around 1.3005 on Wednesday during the early European trading hours. Investors will closely monitor the UK Autumn Budget 2024. The UK government is set to deliver Labour’s first budget in almost 15 years on Wednesday. Commerzbank analysts said that if the budget combines austerity with the hope of tackling long-term investment, “this should be positive for the pound as it would strengthen the U.K.’s long-term growth potential.” Read More...

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD consolidates below 1.1700 amid cautious markets

EUR/USD is holding steady below 1.1700 in the European trading hours on Thursday. The pair pauses its losing streak as the US Dollar consolidates the recent recovery amid a cautious market mood and ahead of the mid-tier US employment data.

GBP/USD turns lower to near 1.3450 amid softer risk tone

GBP/USD loses ground to trade near 1.3450 in the early European session on Thursday. Markets turn cautious amid simmering geopolitical tensions and ahead of the US labor market data due later in the day.

Gold sticks to intraday losses below $4,450; seems vulnerable to slide further

Gold maintains its offered tone through the first half of the European session and currently trades near the lower end of its daily range, down for the second straight day. The downfall lacks any obvious fundamental catalyst and could be attributed to some follow-through profit-taking ahead of the release of the US Nonfarm Payrolls report on Friday.

Pi Network flashes bearish potential as selling pressure mounts

Pi Network trades above $0.2000 at press time on Thursday, following a nearly 2% decline the previous day. Centralized Exchanges have received 1.90 million PI tokens over the last 24 hours, suggesting risk-off sentiment among holders. The technical outlook for the PI token remains bearish, with a risk of a cross below the 20-day Exponential Moving Average.

2026 economic outlook: Clear skies but don’t unfasten your seatbelts yet

Most years fade into the background as soon as a new one starts. Not 2025: a year of epochal shifts, in which the macroeconomy was the dog that did not bark. What to expect in 2026? The shocks of 2025 will not be undone, but neither will they be repeated.