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GBP/USD rose to 1.3403 on Wednesday, with British politics taking centre stage for investors. The market is assessing the upcoming change of prime minister, with Andy Burnham set to take office on 20 July.
Forex
GBP/JPY remains close to multi-year peak as UK-Japan rate gap and Iran risks undermine JPY
Softer U.S. inflation reshapes Fed expectations as DXY consolidates below $101.22. See the latest outlook for EUR/USD and GBP/USD.
Euro picks up favoured by a weaker US Dollar but remains within previous ranges
NZD/USD Price Forecast: Bulls await breakout above 0.5840-0.5845 confluence on weaker USD
British Pound: Advance stalled with neutral range view against US Dollar – UOB
Gold: Rebound needs softer Oil and data – OCBC
The Pound to Dollar (GBP/USD) exchange rate rallied on Tuesday after softer-than-expected US inflation data prompted investors to scale back expectations for another Federal Reserve interest rate hike. At the time of writing, GBP/USD was trading around $1.3411, up approximately 0.5% on the day.
Silver Price Forecasts: XAG/USD holds below $59.00 despite US Dollar's weakness
USD/JPY Price Forecast: Reflects volatility contraction amid triangle formation
Euro: Range-trading bias around recent highs against US Dollar – UOB
The Pound to Australian Dollar (GBP/AUD) exchange rate edged lower on Tuesday as stronger Australian confidence data and robust Chinese trade figures supported the ‘Aussie'. At the time of writing, GBP/AUD was trading at AU$1.9254, down around 0.2% on the day.
Pound Sterling Price News and Forecast: GBP/USD rises amid soft US inflation data
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
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
India Gold price today: Gold falls, according to FXStreet data
Malaysia Gold price today: Gold falls, according to FXStreet data
EUR/USD Price Forecast: Bulls remain cautious below 23.6% Fibo. and 1.1470 hurdle
