Pound Sterling Price News: GBP/USD firm as soft CPI pressures Dollar, BoE stance supports Sterling
US CPI was surprisingly soft in November and that was reflected in a stock market recovery and weakness in US dollar. Normally, this sort of a move in the dollar would have been gold-positive.
The GBP/USD pair managed to recover more than 0.3% today in favor of the British pound, maintaining an intact bullish bias, even though the Bank of England announced a new rate cut in its latest decision. Part of this resilience may be due to the fact that the decision was not unanimous, which softens the interpretation of a fully dovish shift, and also because of the ongoing weakness of the U.S. dollar, which has allowed the pound to remain firm.
GBP/USD firm as soft CPI pressures Dollar, BoE stance supports Sterling
EUR/JPY weakens as ECB holds rates and BoJ hike bets support the Yen
Silver remains volatile but strongly bullish, with momentum still intact despite short-term noise. Pullbacks are viewed as buying opportunities unless the market breaks decisively below major support near $55.
The US dollar strengthens modestly but remains rangebound as markets digest central-bank policy. Key currency pairs are consolidating, with defined technical levels guiding near-term direction amid expectations for continued monetary accommodation.
EUR/USD rebounds as ECB holds rates and US inflation cools
Silver stalls near record highs as traders await the CPI print, with the next move hinging on inflation data and shifting rate expectations.
GBP/CAD firms as BoE delivers a cautious rate cut
GBP/JPY nudges higher after BoE cut, BoJ decision in focus
EUR/GBP dips to 0.8750 session lows following BoE's decsion
It's a busy stretch for global markets, with multiple macro catalysts converging at once. Lots of central banks are meeting in Europe, including the European Central Bank, while from the US we have CPI and jobless claims to look forward to.
NZD/USD Price Forecast: Kiwi hits 0.5755 support as bullish momentum eases
Gold eases within range as US CPI looms
Gold price edges lower as CPI takes focus, with XAUUSD stalling below $4353.56 as traders weigh rate cuts, dollar strength, and gold breakout risk.
NZD/USD softens despite strong Q3 GDP – BBH
EUR/USD hlds above 1.1700 ahead of ECB meeting – BBH
GBP/USD holds above 1.3310 ahead of BoE rate decision – BBH
Discover the effects of RBI's actions on the USD/INR exchange rate. Gain insights into currency trends and their impact on Indian economy.
USD/JPY rises to near 156.00 ahead of US CPI data, BoJ policy decision
USD/CAD treads water below 1.3800, awaiting US inflation figures
Gold Price Forecast: XAU/USD corrects slightly to near $4,320 ahead of US inflation data
USD/JPY holds above 155 ahead of BoJ policy update – MUFG
EUR/GBP stalls below 0.8800, awaiting ECB and BoE decisions
Silver price today: Silver falls, according to FXStreet data
AUD/USD Price Forecasts: Aussie is clinging to the 0.6600 support area
EUR/USD tests key multi-month resistance – Société Générale
EUR/USD steadies with all eyes on the ECB monetary policy decision
Gold is taking a bit of a breather today but so far in December trading, it is very much sticking to the seasonal script from the past few years. Prior to December last year, gold has been on a hot streak in the final month of recent years as the precious metal posted gains in the December months all through 2017 to 2023.
EUR/JPY is testing 183.15 high ahead of central banks' decisions
Supply overhang and reports of a peace deal for Ukraine has seen the black gold dive lower. On the flip side, yellow gold looks set to test fresh highs as the Fed seeks more easing.
EUR/CAD slips toward 1.6150 due to Oil supply concerns
BoE and ECB rate decisions dominate the European session today, with EUR/GBP likely to be the key FX mover. Technical signals suggest scope for the cross to retest November's short-term top, though direction will depend primarily on the BoE outcome rather than the ECB.
USD/CAD Price Forecast: Sees fresh downside below 1.3720
Silver Price Forecast: XAG/USD hovers around $66.50 near record highs
The US Dollar steadies near 98.40 as markets await US CPI. GBP/USD and EUR/USD consolidate as inflation data tests rate-cut expectations.
Gold bounced from key $4300 support zone (which contained attacks in past three days) with the price being on track for the fourth consecutive daily close above this level that adds to positive outlook.
Silver recently broke the resistance zone between the resistance levels 60.00 and 65.00 as well as the resistance trendline of the daily up channel from August.
NZD/USD falls to near 0.5750 ahead of US CPI data
The Thai central bank is calling on the finance ministry to control gold trading after a surge in transactions helped drive up the value of the baht , its governor said on Thursday, adding that monetary policy could be further eased if needed after key rates were cut to a three-year low.
Pound Sterling Price News and Forecast: GBP/USD lacks any firm intraday direction ahead of BoE policy decision
GBP/JPY holds steady above 208.00 as BoE and BoJ rate decisions loom
EUR/GBP gathers strength above 0.8750, all eyes on ECB and BoE rate decicions
USD/CHF consolidates around 0.7950 as investors await US inflation data
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
EUR/USD Price Forecast: Could test 1.1750 amid strengthening bullish bias
Philippines Gold price today: Gold falls, according to FXStreet data
United Arab Emirates Gold price today: Gold falls, according to FXStreet data
Pakistan Gold price today: Gold falls, according to FXStreet data
USD/INR opens flat on hopes of RBI's follow-through intervention
India Gold price today: Gold falls, according to FXStreet data
Major FX rates traded in subdued ranges through the Asian session, with markets largely marking time ahead of a heavy 24-hour run of central-bank decisions and key data releases. Volatility was limited, reflecting caution rather than conviction, as investors await clarity from multiple policy fronts.
AUD/JPY Price Forecast: Edges lower below 103.00, but stays supported above 100-day EMA
Malaysia Gold price today: Gold falls, according to FXStreet data
EUR/JPY hovers near 183.00 amid concerns over Japan's deteriorating fiscal outlook
USD/CAD holds near 1.3800 amid market caution ahead of US CPI data
Silver Price Forecast: XAG/USD moves away from all-time peak, slides below $66.00 mark
Gold declines on profit-taking, USD strength ahead of US CPI release
PBOC sets USD/CNY reference rate at 7.0583 vs. 7.0573 previous
GBP/USD consolidates above mid-1.3300s as traders await BoE and US CPI report
NZD/USD edges lower below 0.5800 despite robust New Zealand Q3 GDP growth
USD/JPY climbs above 155.50 as traders await US CPI release
EUR/USD treads water with Dollar firmer and EZ inflation easing
The bearish unwind in USD/CAD we warned of in late November played out exactly as flagged, delivering a powerful breakdown following an obvious reversal signal on the weeklies. But after such a steep slide, the move now looks stretched.
Currency markets remained volatile as diverging central bank expectations drove sharp moves across FX and equity indices. Sterling slid after soft UK inflation revived expectations of another Bank of England cut, while the US dollar firmed broadly ahead of key US data.
Gold stayed inside a tight four-day consolidation zone Wednesday but is on track for its highest daily close since October, potentially the second highest ever above $4,326.
Gold blasts above $4,330 as US jobs data and Venezuela flare-up spark haven rush
Silver is making new highs as I'm typing this, and it's still a few dollars away from its nearest target area.
EUR/USD Price Forecast: Upside momentum intact as ECB decision looms
The Pound New Zealand Dollar (GBP/NZD) exchange rate slumped on Wednesday after weaker-than-forecast UK inflation triggered sharp selling in Sterling. Latest — Exchange Rates:Pound to New Zealand Dollar (GBP/NZD): 2.3181 (-0.13%)Euro to New Zealand Dollar (EUR/NZD): 2.034 (+0.13%)New Zealand Dollar to Dollar (NZD/USD): 0.57764.
Sterling is coiling just below pivotal resistance into the Bank of England rate decision, with GBP/USD holding within a 1% weekly range. While the broader structure remains constructive, the immediate advance may be vulnerable while price trades below this zone, leaving the focus on whether the November uptrend can extend or if a deeper pullback will materialize.
Platinum climbed above the $1900 level as rally continued.
Over the past five trading sessions, USD/MXN has maintained a consistent bearish bias in favor of the Mexican peso, accumulating a decline of more than 1%. The current selling pressure is driven, on one hand, by the structural weakness of the U.S. dollar, which has allowed the peso to continue strengthening; and on the other hand, by the proximity of Banxico's final rate decision of the year, where guidance for 2026 monetary policy will be revealed.
As observed in our Overnight brief, Silver has exploded to yet another fresh record at $66, surpassing targets explored in our pre-FOMC analysis. There are some technical warnings arising however,
Pound Sterling Price News: GBP/USD tumbles under 1.3400 as soft CPI all but guarantees BoE easing
The American currency failed to gain sustainable upside momentum.
Discover how the recent UK inflation data influences GBP/USD. Our article provides a detailed technical outlook for the currency pair.
GBP/USD tumbles under 1.3400 as soft CPI all but guarantees BoE easing
USD/CHF edges lower amid steady SNB stance and softer US Dollar
Silver continues an explosive rally above $66, defying traditional valuation concerns. With no clear fundamental catalyst for a collapse, pullbacks are viewed as potential buying opportunities while traders eye higher psychological levels.
The US dollar shows signs of recovery as the euro and British pound face resistance ahead of key ECB and Bank of England meetings. Central bank uncertainty keeps major currency pairs range-bound, volatile, and vulnerable to larger directional moves.
GBP/JPY Price Forecast: Pair steadies above 207.00 ahead of BoE and BoJ decisions
Silver hits a record $66.54 before easing to $65.38. Buyers stay in control as strong demand and tight supply keep the silver outlook bullish.
Gold price holds above $4258.68 as traders watch CPI, with bulls targeting $4353.56 and $4381.44. Key support at $4192.36–$4133.95 keeps the gold market on alert.
Euro softens as US Dollar strengthens – Scotiabank
Sterling continues to underperform today, though losses remain contained. The lack of aggressive selling suggests markets are already well positioned for near-term policy easing and are now grappling with uncertainty further along the curve rather than reacting to fresh surprises.
USD/CAD edges lower amid year-end CAD trends – Scotiabank
EUR/GBP higher on soft UK CPI and stable Eurozone inflation
Silver advanced over 4% and hit new record high ($66.51) on Wednesday, as demand for precious metals gained impetus after US data pointed to further softening in the US labor market that revived expectations for more dovish Fed's stance on monetary policy.
Gold Price Forecast: XAU/USD is showing signs of hesitation above $4.300
EUR/JPY jumps above 182.00 as Japanese Yen underperforms, ECB-BoJ policy eyed
Gold retreats slightly as US Dollar rebounds
AUD/USD corrects further to near 0.6620 as US Dollar gains, US CPI in focus
Pound Sterling Price News and Forecast: GBP/USD blue box reaction
USD/CAD approaches 1.3800 amid a broad-based USD rebound
EUR/USD retreats after hitting multi-month high – BBH
Silver's uptrend extended again today, pushing to fresh record highs above the 66 mark and reinforcing its status as the standout precious metal. Momentum remains firmly on the upside, with prospects growing for a move toward 70 psychological level and potentially beyond.
Silver Price Forecasts: XAG/USD holds gains near $66.00 on further Fed easing hopes
USD/JPY jumps higher to near 155.50 as US Dollar outperforms, BoJ decision eyed