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The Pound to Dollar (GBP/USD) exchange rate dipped at the start of the week as renewed tensions in the Middle East briefly boosted demand for the safe-haven US Dollar before Sterling recovered some ground. At the time of writing, GBP/USD was trading at $1.3391, having rebounded from an overnight low of $1.3369.
Forex
British Pound: Advance has ended with range trade likely against US Dollar – UOB
Silver Price Forecast: XAG/USD trades higher around $58 in countdown to US CPI data
The Pound to Canadian Dollar (GBP/CAD) exchange rate slipped on Monday as renewed conflict between the US and Iran lifted oil prices and supported the commodity-linked Canadian Dollar. At the time of writing, GBP/CAD was trading at CA$1.8931, down around 0.2% on the day.
EURUSD maintains an incomplete bearish sequence from the January 27, 2026 peak, leaving room for further downside. The projected target zone is defined by the 100% to 161.8% Fibonacci extension from the January 27 high, which falls between 1.076 and 1.117.
Gold: Fed inflation fears weigh on prices – ING
Euro: Downside bias but key support holds against US Dollar – UOB
EUR/USD Price Forecast: Brace for a further sell-off toward 1.1200
AUD/JPY Price Forecast: Grinds higher above 112.50, yet stays constrained by mildly bearish bias
Meta: US dollar remains supported by hawkish Federal Reserve expectations, with traders focused on US CPI data and Fed commentary for the next directional move.
Gold is finding itself squeezed by two markets moving in the same direction. Oil is rebuilding inflation fears, while the Federal Reserve is becoming more willing to tighten policy again if price pressures refuse to ease.
Pound Sterling Price News and Forecast: GBP/USD gathers strength to near 1.3360
Gold found support at $4,021 with recovering momentum while silver held $57.73 amid constrained supply growth ahead of USCPI and Kevin Warsh testimony. Central bank buying and expanding industrial demand for silver in solar, electronics, and EVs provided a solid foundation for both metals.
Saudi Arabia Gold price today: Gold rises, according to FXStreet data
Philippines Gold price today: Gold rises, according to FXStreet data
United Arab Emirates Gold price today: Gold rises, according to FXStreet data
NZD/USD Price Forecast: Hits four-week top on hawkish RBNZ; eyes 0.5810-0.5820 confluence
Pakistan Gold price today: Gold rises, according to FXStreet data
EUR/JPY Price Forecast: Gains ground to near 185.00, holding modest bullish bias above key support
India Gold price today: Gold rises, according to FXStreet data
