|

Pound Sterling Price News and Forecast: GBP/USD steady near 1.3360 post soft UK CPI

GBP/USD steady near 1.3360 post soft UK CPI

GBP/USD holds firm during the North American session on Wednesday following the latest inflation report in the United Kingdom, which triggered some weakness in the Pound Sterling (GBP), as expectations for further easing by the Bank of England (BoE) increased. The pair trades at 1.3362, virtually unchanged after diving to 1.3305 following the release of the CPI data. Read More...

GBP/USD daily chart

Pound Sterling slumps as UK inflation growth cools down

The Pound Sterling (GBP) faces intense selling pressure against its major peers on Wednesday after the release of the United Kingdom (UK) Consumer Price Index (CPI) data for September. Read More...

GBP/USD stays below 1.3400 ahead of UK inflation data

GBP/USD loses ground for the fourth consecutive session, trading around 1.3380 during the Asian hours on Wednesday. The pair face challenges ahead of the United Kingdom’s (UK) Consumer Price Index (CPI) and Retail Price Index data for September. Read More...

Author

FXStreet Team

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.

More from FXStreet Team
Share:

Editor's Picks

AUD/USD flirts with 2026 lows around 0.6850

AUD/USD has rapidly left behind Monday’s optimism, shifting its attention to the downside and navigating the area of multi-month lows in the mid-0.6800s. The pair’s severe slump has come amid renewed and strong upside traction in the Greenback following further repricing of a rate hike by the Fed at its December meeting.

USD/JPY retakes 158.00 on weak Japanese data; focus shifts to US CPI

USD/JPY attracts some dip-buyers and retakes 158.00 in the Asian session on Tuesday as a fall in Japan’s Household Spending offsets hawkish BoJ Summary of Opinions, undermining the Japanese Yen. Moreover, Fed hike bets support the safe-haven US Dollar and the currency pair. The market focus now shifts to the release of the crucial US CPI report.

Gold flirts with $4,000 on solid USD buying

Gold slips back to the proximity of the key $4,000 mark per troy ounce on Tuesday, reaching new four-day lows at the same time. The yellow metal’s severe retracement follows the firm performance of the US Dollar, rising US Treasury yields across the curve and reignited speculation of extra Fed tightening.

Bitcoin vs Gold Outlook: BTC and XAU pull back as US inflation rises in October
Bitcoin (BTC) and Gold (XAU/USD) sustain a broad bearish trend on Tuesday, with BTC hovering around $74,000 and XAU near $4,050. The path of least resistance remains downward for both assets, weighed down by weak technical structures and macroeconomic uncertainties. Meanwhile, Gold appears supported at the pivotal $4,000 level, while Bitcoin continues to test lower demand areas toward $70,000.
Five risks for the global economy in 2027

From AI bubbles to geopolitical breakthroughs, these are some of the five ways why this outlook could go wrong – or right: A severe correction in US stocks triggered by an AI meltdown, second-round inflation effects emerge at scale or geopolitical de-escalation delivers an energy peace dividend.


Gold reclaimed $4,100. Tuesday’s CPI test decides if it holds
Gold (XAU/USD) starts the week on a positive note, reclaiming the $4,100 psychological level as the US Dollar (USD) retreats from its recent highs. The precious metal recovers from Friday's losses, although investors remain cautious ahead of Tuesday's US Consumer Price Index (CPI) report, which could determine the next direction for Bullion.