Pound Sterling Price News and Forecast: GBP/USD rises after UK employment grew in the three months to November

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GBP/USD holds gains near 1.3450 ahead of UK CPI data

GBP/USD remains in the positive territory for the third consecutive session, trading around 1.3430 during the Asian hours on Wednesday. The pair rises as the Pound Sterling (GBP) gains support following Tuesday’s release of UK employment data for the three months to November. Employment increased by 82K after a 17K contraction in the previous period.

Meanwhile, Average Earnings excluding bonuses rose 4.5% YoY, while pay including bonuses increased 4.7%. However, the Unemployment Rate held steady at 5.1%, versus expectations of a 5.0% decline. Traders await the UK Consumer Price Index (CPI), Producer Price Index (PPI), and Retail Price Index data for December, which will be released later in the day. Read more...

GBP/USD steadies amid USD weakness, UK CPI inflation in focus

The British Pound (GBP) traded with a cautious tone on Tuesday as investors digested mixed UK labour market data. While unemployment held steady, slower wage growth dampened confidence and revived expectations that the Bank of England could move toward interest rate cuts later in the year. This tempered Sterling enthusiasm, particularly against European peers.

At the same time, broader market dynamics helped limit downside pressure on the Pound. Renewed geopolitical tensions and trade-related uncertainty weighed on global risk sentiment, pressuring US equities and weakening the US dollar. That USD softness provided an important counterbalance, allowing Sterling to remain supported despite domestic data concerns. Read more...

GBP/USD climbs toward 1.3460 as 'Sell America' trade gains momentum

GBP/USD posts a positive note on Tuesday as market participants continued to sell the US Dollar (USD) and most US assets, following President Donald Trump’s trade-war escalation with Europe. This, along with a sell-off in Japanese bonds, keeps the CBOE Volatility Index (VIX) at yearly highs, a sign of risk aversion. At the time of writing, the pair trades at 1.3463, up 0.30%.

Investors' angst is at record highs after a Bloomberg headline read “Sudden Japan Bond Crash Unleashes Turmoil on Trading Floors.” The article mentioned that “concerns about Japan’s fiscal position, particularly Prime Minister Sanae Takaichi’s plans to cut taxes and boost spending, are raising doubts about the financial health of the government.” Read more...

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GBP/USD holds above 1.3350 with the 200-day SMA capping gains

The British Pound appreciates against the US Dollar on Tuesday to trim previous losses and return to the 1.3375 area, aiming to retest resistance at the key 200-day Simple Moving Average. This is a popular indicator, which lies a few pips below 1.3400 and has been capping Pound’s recovery over the last two weeks.

EUR/USD surrenders some gains, back to 1.1440

EUR/USD now gives away part of the earlier advance and recedes toward thre 1.1440 zone on Tuesday. The pair’s firm uptick comes in response to the marked sell-off in the US Dollar, which has intensified after US inflation figures disappointed expectations in June and investors has assessed Chair Warsh’s testimony.

Gold battles to recover the $4,100 mark

Gold reverses the recent weakness and reclaims the area beyond the key $4,000 mark per troy ounce on Tuesday. The precious metal’s recovery picks up pace and approaches the $4,100 region following the Greenback’s decline and comments from the Fed’s Warsh.

Crypto Today: Bitcoin, Ethereum, XRP extend sideways trading amid ETF outflows, US-Iran war escalation

Bitcoin hovers around $62,500 amid prevalent sideways trading. Meanwhile, major altcoins such as Ethereum and Ripple are holding above crucial support levels at $1,700 and $1.05, respectively, reflecting ongoing consolidation across the crypto sector.

Fed Chair Warsh reaffirms they will deliver price stability

While testifying on the Semiannual Monetary Policy Report before the US House Financial Services Committee, Fed Chairman Kevin Warsh reiterated that the Fed is making a commitment on price stability and the goal of 2% inflation.

Five sessions, one round trip: Why the whipsaw is exactly what Warsh ordered

Markets opened July with a December hike as the base case and spent five trading sessions unlearning and relearning it. A 57K payrolls print bled the tightening bets out of the strip; a re-shut Strait of Hormuz is pushing them back in. Wednesday's minutes from the June FOMC meeting landed mid-round-trip, describing a world that had already stopped existing.