Pound Sterling Price News and Forecast: GBP/USD steadies awaiting preliminary Q1 UK GDP

The post EUR/GBP Price Forecast: Cross remains capped below Key SMAs despite tentative rebound appeared on BitcoinEthereumNews.com. EUR/GBP trades choppy on Thursday, with the British Pound (GBP) modestly outperforming the Euro (EUR) on the back of resilient UK economic data, while traders also assess growing political noise in the United Kingdom. At the time of writing, the cross is trading around 0.8659 after touching an intraday high of 0.8668 earlier in the day. The UK economy expanded by 1.1% YoY in the first quarter of 2026, accelerating from 1.0% in the previous quarter and beating market expectations of 0.8%, according to preliminary estimates. On a monthly basis, UK GDP rose 0.3% in March, defying forecasts for a 0.2% contraction, though growth slowed slightly from February’s 0.4% expansion. However, the GBP is struggling to build on gains from the stronger UK economic data as political uncertainty weighs on sentiment. Speculation over potential leadership challenges to Prime

The post BoE Considers Easing UK Stablecoin Caps After Industry Backlash appeared on BitcoinEthereumNews.com. Update May 14, 2:45 pm UTC: This article has been updated to include comments from Katie Haries, head of policy for Europe at Coinbase. The Bank of England (BoE) is reconsidering parts of its proposed regime for pound sterling stablecoins after digital asset companies warned that holding caps and reserve requirements could stifle adoption and make UK-issued tokens uneconomic. The central bank is looking at alternatives to temporary caps on how many stablecoins individuals and businesses can hold, and is examining whether its requirement that at least 40% of backing assets be held as non-interest-bearing deposits at the BoE is overly conservative, Deputy Governor Sarah Breeden told the Financial Times. The rethink comes as the UK government and regulators try to position Britain as a competitive hub for digital assets while containing risks to bank funding and financial stabilit

The post British Pound: Volatility focus shifts to politics – DBS appeared on BitcoinEthereumNews.com. DBS Bank’s Philip Wee reviews recent FX volatility through the Pound, noting that GBP has been more resilient than EUR and CHF since Operation Epic Fury, helped by the UK’s lower exposure to the energy shock and higher policy rates. However, he highlights that GBP has recently underperformed as markets refocus on UK political risks and reassess Bank of England tightening expectations. Pound resilience gives way to politics risk “Following the start of Operation Epic Fury, GBP (-1.9%) was more resilient than the EUR (-2.2%) and CHF (-3.8%) in March.” “In April, GBP (+2.9%) outperformed the CHF (+2.3%) and EUR(+1.5%).” “However, GBP (-0.6%) underperformed the EUR (-0.2%) and CHF(-0.1%) in the first half of May.” “Markets now see GBP facing a reality check as focus shifts from the US-Iran conflict to 10 Downing Street.” “In the end, the GBP’s outlook remains tethered to the escalation or

The post British Pound: Political risks and Gilt reprieve – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale strategists note that the recent selloff in Gilts has eased after long-end yields spiked to multi-year highs on fears of looser fiscal rules under a more left-wing Labour leadership. They highlight internal Labour Party dynamics, with several senior figures leaning left on spending and borrowing but favouring closer EU ties, while identifying Wes Streeting as the most market-friendly, fiscally conservative option. Gilts steady as Labour risks evolve “In the UK, the selloff in Gilts abated after the spike to multi-year highs in long-end yields over concerns for a loosening of fiscal rules under a more left-wing Labour party leadership.” “Health Secretary Wes Streeting could trigger a leadership contest as early as today and with Andy Burnham not in a position to contest, Angela Rayner indicated she may run after being cleared by HMRC of deliberate wrongdoing

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The post British Pound softens against Japanese Yen amid rising uncertainty over UK leadership appeared on BitcoinEthereumNews.com. GBP/JPY extends losses for the second consecutive day on Wednesday as the British Pound (GBP) comes under broad pressure, weighed down by rising political uncertainty in the United Kingdom. At the time of writing, the cross is trading around 213.08, easing from an intraday high near 213.70 and down roughly 0.15% on the day. Political pressure on UK Prime Minister Keir Starmer intensified after the Labour Party suffered heavy losses in last week’s local elections. Reports suggest that more than 80 Labour MPs have called on Starmer to resign, while four cabinet ministers have already stepped down amid mounting pressure. UK Health Secretary Wes Streeting is reportedly emerging as a potential leadership challenger. Starmer has confirmed that he will not resign from his post, while allies close to the Prime Minister reportedly said he is prepared to face Street

The post Euro reversal against British Pound nears 0.8650 after soft Eurozone data appeared on BitcoinEthereumNews.com. The Euro (EUR) is showing one of the weakest performances among the G8 currencies on Wednesday, and extends its reversal against the British Pound (GBP) to levels nearing 0.8650 at the time of writing, after failing at the 0.8700 area on Tuesday. The common currency has been weighed by uninspiring Eurozone Gross Domestic Product (GDP) and Industrial Production figures, while the Pound skips concerns about the UK’s political turmoil for now. The Eurozone’s Q1 GDP’s second estimation, released earlier on Wednesday, confirmed the advanced figures of a meagre 0.1% growth in the first three months of the year, down from 0.2% in the previous quarter. Year-on- year, the Eurozone economy grew at a  0.8% pace, according to the data, following a 1.3% upwardly revised growth in Q4. Beyond that, Eurozone Industrial Production figures have shown a 0.2% increase in March, undershoo

The post Pound Sterling Price News and Forecast: GBP/USD languishes near a two-week low appeared on BitcoinEthereumNews.com. British Pound seems vulnerable near two-week low vs USD; GBP/USD holds above 1.3500 The GBP/USD pair struggles to capitalize on the previous day’s late bounce from the 1.3500 psychological mark, or a nearly two-week low, and oscillates in a narrow band during the Asian session on Wednesday. Spot prices remain below the 1.3550 level and seem vulnerable to weaken further amid a combination of negative factors. The British Pound (GBP) continues to be undermined by a severe political crisis in the UK, with over 80 Labour MPs calling for Prime Minister Keir Starmer to resign following disastrous local election results. The US Dollar (USD), on the other hand, is seen consolidating the previous day’s strong gains to an over one-week high as hot US inflation data reaffirmed bets for a rate hike by the Federal Reserve (Fed). These turn out to be key factors acting as a he