British pound news

In recent trading sessions, the GBP/USD exchange rate has fallen to its lowest level since mid-September at the 1.3070 support level after reports indicated that the US economy added 254,000 non-farm jobs in September, exceeding expectations of a reading of 147,000 jobs.

The GBP/USD exchange rate drifted downwards after the US published strong jobs numbers on Friday.

Get the weekly Forex forecast for major currency pairs for the week of October 7-12, 2024 here.

The UK will prioritise and increase investment in major projects in the Budget, Rachel Reeves says.

The US dollar has recently rebounded amid risk-off sentiment fuelled by geopolitical tensions, particularly in the Middle East, causing the GBP/USD currency

Bank of England interest rates affect the mortgage, loan and savings rates for millions of people.

The GBP/USD exchange rate pulled back sharply as investors embraced a risk-off sentiment in the market.

The US dollar is seeing increased demand at the start of the new month and quarter, buoyed by the latest guidance from Federal Reserve Chair Jerome Powell regarding US interest rates.

The US Dollar has strengthened as the prospect of all-out war in the Middle East grows following Iran’s attack on Israel. The price seems to have made a convincing top, so the outlook is bearish but consolidative over the short term.

The GBP/USD pair has caught my attention due to the fact that it has been so negative.

The Pound Sterling is consolidating around $1.3380 at the start of Tuesday's trading session, down from yesterday's peak of 1.3422, hovering near its highest levels since March 2022, as traders assess economic and monetary expectations

The reality is that the market continues to see a lot of volatility, but more than anything else, we are seeing a lot of support overall.

The GBP/USD currency pair retreated as geopolitical risks rose and after a relatively hawkish statement by Jerome Powell, the Federal Reserve chair.