Pound Sterling Price News and Forecast: GBP/USD rises toward 1.3100 post strong UK jobs report

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GBP/USD Price Forecast: Rises toward 1.3100 post strong UK jobs report

The Pound Sterling recovered some ground and rose 0.18% on Tuesday against the US Dollar following a strong UK jobs report that pushed the unemployment rate lower, while the economy added over 373,000 jobs, crushing estimates of 250,000. At the time of writing, the GBP/USD trades at 1.3081 after bouncing off the daily low of 1.3035. Read More...

GBP/USD rebounds after strong UK employment data

GBP/USD rebounds into the 1.3080s on Tuesday as a strong UK labor market report strengthens the Pound Sterling (GBP).

The pair had weakened earlier as a result of continued US Dollar (USD) strength from reduced bets the US Federal Reserve (Fed) would need to be as aggressive at slashing interest rates as previously thought. Read More...

GBP/USD remains below 1.3050 following UK labor data

GBP/USD edges lower after registering gains in the previous two sessions, trading around 1.3040 during the Asian trading hours on Tuesday. The pair remains subdued following the mixed employment data release from the United Kingdom (UK). Read More...

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GBP/USD weakens below 1.3250 on UK political risks, BoE repricing

The GBP/USD pair trades in negative territory around 1.3245 during the early Asian trading hours on Wednesday. Traders await the UK political developments, focusing on potential leadership by Andy Burnham and adherence to existing fiscal rules. Bank of England Governor Andrew Bailey is set to speak later in the day. On Thursday, all eyes will be on the US jobs data for June.

EUR/USD declines to near 1.1400 as softer German inflation undercuts ECB hike bets

The EUR/USD pair loses momentum to near 1.1410 during the early Asian trading hours on Wednesday, pressured by receding bets for aggressive tightening by the European Central Bank (ECB). Traders will take more cues from the preliminary reading of the Harmonized Index of Consumer Prices from the Eurozone and US Manufacturing Purchasing Managers Index report, which are due later in the day.

Gold falls back below $4,000 amid a bullish USD

Gold drops back below $4,000 following the previous day's two-way price swings as the US Dollar stands firm amid safe-haven demand, bolstered by uncertainty surrounding US-Iran talks. Meanwhile, Tuesday's strong labor market data reaffirmed bets for a Fed rate hike in 2026, adding to the Greenback's strength at the expense of the bullion.

The quarter ended bright green, but the market changed horses several times

Lower oil may support demand more than it lowers inflation, which keeps the Fed, front-end yields and the $ firmly in the driver’s seat. The S&P 500 has just delivered its best quarter in six years, the Nasdaq has found its stride again, and semiconductors have posted their strongest quarter on record.

Why a hawkish Bank of Japan could trigger the next Bitcoin sell-off

The Japanese Yen hits a 40-year low of 162.00 against the US Dollar, raising concerns about intervention or additional rate hikes by the Bank of Japan. BoJ may sell US Treasuries to buy back Yen, potentially pushing US bond yields higher and making Bitcoin less attractive to investors.

Kevin Warsh isn't expected to say much in Sintra: That's exactly why markets will listen

Financial markets could find an important catalyst in the enchanting, fairytale-like landscape of Sintra this week. The ECB Forum will, as it does every year, gather the crème de la crème of central banks. The new boss at the Fed, who has clearly said that the Fed should stop explaining everything, will need to talk – and traders should listen.