United States Initial Jobless Claims came in at 208K below forecasts (217K) in July 10

FXStreet Team FXStreet

Author

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 tumbles below 1.3500 on stronger Dollar

EUR/USD drops to daily lows near 1.1430

Gold sellers seeking for a fresh 2026 low

Crypto Today: Bitcoin, Ethereum, XRP run into resistance as retail buying cools

Cryptocurrencies are broadly consolidating on Thursday, while Bitcoin (BTC) retreats toward support at $64,000. Ethereum (ETH) hovers below $1,800, with its upside seemingly limited, following a macro-driven rally. Meanwhile, Ripple (XRP) sits on top of the reclaimed $1.10 support, reflecting the broader cool-down in the market.

A win for England: First half growth on positive track, keeps pound buoyant

The pound is edging lower on Thursday, after Wednesday’s stunning rally on the back of reports that current home secretary Shabana Mahmood is set to become Chancellor next week. This is easing fears that the hard left of the Labour party will have control at the Treasury. GBP/USD is higher by nearly 1% this week, although it is pulling back from the $1.3550 level this morning.

-0.4%: Why the biggest CPI drop since 2020 couldn't buy back a single cut

The June CPI fell 0.4% on the month, the largest one-month decline since April 2020, dragging the annual rate to 3.5% from May's 4.2% and snapping a three-month acceleration streak. Core prices went nowhere, flat on the month and down to 2.6% YoY, both under consensus.