Pound Sterling Price News and Forecast: Sinks nearly 100 pips as UK jobless rate hits decade high

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GBP/USD sinks nearly 100 pips as UK jobless rate hits decade high

The Pound Sterling dives during the North American session as traders got back to their desks following the US President’s Day holiday. A weaker than expected UK jobs report, weighed on GBP/USD which is down 0.71% or nearly 100 pips at 1.3529. Read More...

GBP/USD Price Forecast: At make or a break near 1.3600

The GBP/USD pair claws back half of its early losses during the European trading session on Tuesday, but is still 0.23% down to near 1.3600. The Cable faced intense selling pressure as the Pound Sterling (GBP) declined after the release of the United Kingdom (UK) labor market data for the three months ending December, which showed further deterioration in the job market. Read More...

GBP/USD extends losses below 1.3600 as UK labour data disappoints

The Pound (GBP) accelerated its reversal against the US Dollar (USD) on Tuesday, dipping below 1.3600 and reaching session lows around 1.3570 at the time of writing. UK data released on Tuesday revealed an unexpected unemployment increase in December, adding pressure on the BoE to lower borrowing costs further. Read More...

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FXStreet Team

FXStreet

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.

GBP/USD gathers strength to near 1.3550 as Fed hike bets fade, UK jobs data loom

The GBP/USD pair gains momentum to around 1.3550 during the early Asian trading hours. The US Dollar softens against the British Pound as cooler US inflation data have prompted traders to reduce bets on a US Federal Reserve rate hike. The UK employment report will be in the spotlight later on Tuesday.

EUR/USD flat lines below two-month high amid oil-driven inflation fears

The EUR/USD pair holds steady around the 1.1575-1.1580 region during the Asian session, and for now seems to have stalled the previous day's modest pullback from a two-month top. However, a modest US Dollar uptick warrants some caution before positioning for the resumption of the recent move higher from the 1.1350 area, or the July monthly swing low.

Gold drifts lower amid oil-driven inflation risks and US-Iran tensions

Gold attracts some sellers following a modest Asian session uptick, stalling a two-day move higher from the $4,300 neighborhood. The US Dollar builds on the overnight bounce from a two-month trough as inflation risks stemming from higher crude oil prices underpin prospects for at least one interest rate hike by the US Federal Reserve in 2026. Adding to this, the US-Iran standoff keeps the geopolitical risk premium in play and further underpins the safe-haven Greenback, which is seen exerting pressure on the precious metal.

Ripple and Stellar remain under bearish pressure as corrective declines cap upside

Ripple and Stellar remain under pressure as broader market uncertainty and weak technical momentum weigh on both altcoins. XRP is hovering below the key $1 mark on Tuesday while XLM continues its corrective decline below $0.157. Meanwhile, mixed derivatives and on-chain signals indicate cautious sentiment, leaving both cryptocurrencies vulnerable to further downside.

Silver’s new era: Supply deficits meet exploding industrial demand

Silver has experienced a wild ride in 2026, but The Silver Institute President and CEO Michael DiRienzo says investors shouldn’t let the volatility obscure a much bigger story: the underlying silver market remains remarkably strong.

Why is Crude Oil priced for a reopening the ships haven't made?

Fourteen vessels crossed the Strait of Hormuz on Tuesday. Before the war, the count ran near 120 a day. In the sessions since the waterway was publicly declared open, Brent has drifted back to $87 and West Texas Intermediate (WTI) to $81, both a little lower again on Wednesday, with daily momentum on each unwound from the top of its range in late July to the low twenties now.