Pound Sterling Price News and Forecast: GBP gains ground to near 1.3430 early European session

The post USD/CAD Forecast: Bounces off three-week low; bearish bias remains appeared on BitcoinEthereumNews.com. The USD/CAD pair stages a modest intraday recovery from the 1.4135 area, or a three-week low touched this Friday, and climbs to the top end of its daily range during the early European session. Spot prices currently trade around the 1.4160 region, nearly unchanged for the day, as traders now look forward to Canadian monthly employment details for a fresh impetus. In the meantime, a weaker tone around Crude Oil prices undermines the commodity-linked Loonie. The US Dollar (USD), on the other hand, bounces off over a one-week low amid prospects of at least one interest rate hike by the US Federal Reserve (Fed) in 2026 and concerns about a fresh escalation of tensions in the Middle East. This, in turn, assists the USD/CAD pair in attracting some buyers at lower levels. From a technical perspective, spot prices now seem to have found acceptance below the 100-period Simple Moving

The post Euro remains pinned at one-year lows against the British Pound as Euro Area inflation moderates appeared on BitcoinEthereumNews.com. The Euro (EUR) remains on the defensive against the British Pound (GBP) on Friday, with the EUR/GBP pair unable to take off from one-year lows at the 0.8515 area. Data from Germany and France confirmed that inflationary pressures moderated in June, which added pressure on the common currency. In Germany, the final Harmonized Index of Consumer Prices (HICP) confirmed previous estimations showing that inflation grew at a 2.4% year-over-year (y-o-y) rate in June, down from 2.7% in May and from April’s 2.9% peak. Monthly inflation contracted 0.2%, also in line with preliminary estimations, following a 0.1% contraction in May. Likewise, France’s Consumer Price Index (CPI) confirmed that yearly inflation eased to a 2% y-o-y rate in June, from the 2.8% reading witnessed in May. Monthly inflation contracted at a 0.3% pace, following a 0.1% uptick in the

The post British Pound: Upside risk toward resistance against US Dollar – UOB appeared on BitcoinEthereumNews.com. According to UOB’s Quek Ser Leang, GBP/USD’s sharp rebound has left scope to test major resistance at 1.3445, though a clear break is seen as unlikely in the near term. Short-term support lies at 1.3390 and 1.3360. Over one to three weeks, strengthened momentum could open 1.3480 if 1.3445 gives way, while broader ranges dominate over months. Pound testing key resistance band “24-HOUR VIEW: GBP fell to 1.3315 on Wednesday and then rebounded strongly. When GBP was at 1.3390 in the early Asian session yesterday, we highlighted that “the sharp rebound appears to be overdone, but there is a chance for GBP to test 1.3420 before the risk of a pullback increases.” We added, “the major resistance at 1.3445 is unlikely to come into view.” GBP then rose to 1.3430, pulled back to 1.3381 before moving back up to close at 1.3409 (+0.14%). While there has been no clear increase in upward

The post Australian Dollar holds mid-0.6900s as weak USD meets Iran risks appeared on BitcoinEthereumNews.com. The AUD/USD pair attracts buyers for the second straight day and climbs to a two-and-a-half-week top, around the 0.6970 area, during the Asian session on Friday. Spot prices, however, retreat a few pips in the last hour and currently trade around mid-0.6900s, still up 0.10% for the day. Against the backdrop of Wednesday’s less hawkish FOMC Minutes, hopes for diplomacy to ease tensions in the Middle East drag the safe-haven US Dollar (USD) to an over one-week low and act as a tailwind for the AUD/USD pair. US President Donald Trump told reporters on Thursday that Iran had called to make a deal with the US. Furthermore, a White House official signaled that the US is still committed to the memorandum of understanding with Iran as technical talks over Tehran’s nuclear program and the Strait of Hormuz continue. However, the geopolitical risk premium remains in play amid renewed fig

The post GBP/USD Price Forecast: Edges higher above 1.3400, bullish outlook remains intact appeared on BitcoinEthereumNews.com. The GBP/USD pair trades in positive territory around 1.3430 during the early European trading hours on Friday. The UK government leadership transition and growing expectations of further Bank of England (BoE) interest rate hikes underpin the British Pound (GBP) against the US Dollar (USD). Andy Burnham’s path to becoming the next UK prime minister looks certain after a vast majority of Labour MPs formally nominated him to be the next party leader. Bloomberg reported on Thursday that 322 of 403 Labour members of Parliament voted for Burnham at the end of the first day of the party’s leadership contest to replace Keir Starmer. Burnham is expected to formally become Prime Minister on July 20. Traders have ramped up bets on the BoE interest rate hikes amid escalating tensions between the US and Iran. Markets are now fully pricing in a 25 basis points (bps) BoE rat

The post Gold flatlines above $4,100 as soft USD meets Fed hike bets, Iran risk appeared on BitcoinEthereumNews.com. Gold (XAU/USD) reverses a modest Asian session dip to the $4,109-$4,108 region on Friday, though it lacks bullish conviction. The US Dollar (USD) selling remains unabated for the third consecutive day in the wake of Wednesday’s less hawkish FOMC Minutes and offers some support to the commodity. However, prospects of a US Federal Reserve (Fed) rate hike in 2026 remain active. This, along with geopolitical uncertainties, could limit USD losses, warranting some caution before positioning for an extension of the recovery from a one-week low set on Wednesday. The minutes from the June 16–17 FOMC meeting, released on Wednesday, revealed that policymakers were divided over the direction of interest rates. The minutes further stated that many participants indicated the appropriate level of the federal funds rate would be within or slightly below the current target range at the e

The post XRP price jumps 2% on bitcoin strength as buyers push through $1.10 resistance appeared on BitcoinEthereumNews.com. • The main breakout came around 01:00 UTC, when volume jumped to 43.51 million XRP, about 88% above the 24-hour average. • The move carried XRP to an intraday high of $1.1065 before price stabilized near $1.1020-$1.1040. • A later 60-minute spike reached 14.17 million in volume, pushing XRP from $1.0958 to $1.1052 before profit-taking slowed the move. Technical Analysis • The key development is that XRP cleared the $1.0950-$1.1000 area after several sessions of range-bound trading. • The breakout was supported by volume, which gives the move more weight than the earlier low-volume attempts above resistance. • Higher lows through the session show buyers are stepping in earlier, with $1.0880 acting as the main support level during pullbacks. • The post-breakout hold near $1.1020-$1.1040 is constructive because XRP did not immediately lose the $1.10 area after the s

Exclusive: Plan to improve skills of thousands of financial sector workers to keep pace with tech revolution Chancellor Rachel Reeves is to announce a new City “skills compact” that will commit firms such as Barclays and Lloyds to retraining thousands of financial sector workers for the AI revolution. The financial services skills compact will be launched on Tuesday, during what is likely to be Reeves’s final Mansion House speech to City bosses before Andy Burnham’s expected takeover of No 10. The government-backed initiative will commit employers to improving workers’ skills and helping them “keep pace” with significant technological changes that have prompted fears of mass redundancies. Continue reading...