Pound Sterling Price News and Forecast: GBP/USD trades mixed in key pairs at start of week

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Pound Sterling trades mixed in key pairs at start of week

The Pound Sterling (GBP) trades mixed in its most heavily traded pairs on Monday despite positive economic data releases of late. The Sterling is gaining against the US Dollar (USD) but trading flat against the Euro (EUR) and falling against the Japanese Yen (JPY). GBP’s recent moves have less to do with news or data out of the UK and more to do with the volatility in its counterparts.

The Pound Sterling is trading mixed at the start of the new week. Recent assessments of the UK economy have been mostly positive, with some economists describing it as striking a “Goldilocks” balance between “not too cold” and “not too hot”. Read more...

GBP/USD Forecast: Pound Sterling turns overbought after climbing to new monthly high

The persistent selling pressure surrounding the US Dollar (USD) on Friday allowed GBP/USD to extend its weekly rally. After gaining nearly 1.5% in the previous week, the pair continued to stretch higher and reached its strongest level in a month above 1.2970.

Although last week's upbeat data releases from the US caused markets to refrain from pricing in a 50 basis points (bps) rate cut in September, the USD struggled to outperform its rivals as risk flows dominated the action in financial markets. Read more...

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GBP/USD extends weekly uptrend, trades above 1.3400

GBP/USD clings to moderate gains and holds above 1.3400 in the European session on Friday. The British Pound gains amid optimism on the UK government leadership transition and Bank of England rate hike bets. Meanwhile, the US Dollar loses ground on Middle East de-escalation and receding Fed rate hike expectations.

EUR/USD rises to 1.1450 area on softer USD

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Gold seems vulnerable near $4,100 amid Fed hike bets and Iran risks

Gold touches a fresh low during the first half of the European session, with bears looking to extend the intraday descent further below the $4,100 mark. As investors digest Wednesday's less hawkish FOMC Minutes, the US Dollar bounces off over a one-week low, supported by prospects of a US Federal Reserve interest rate hike in 2026 and geopolitical uncertainties.

Canada Unemployment Rate forecast to remain unchanged in June

Markets are anticipating a fairly stable report when Statistics Canada releases its Labour Force Survey on Friday. While the Net Change in Employment is predicted to rise by 10K in June, adding to the 87.8K gain in May, the Unemployment Rate is forecast to stay at 6.6%.

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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.