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The Canadian dollar surged following a stronger-than-expected October jobs report, signaling resilient labour market momentum. With employment gains beating forecasts and wage growth sustaining inflation pressures, markets now anticipate the Bank of Canada may hold rates steady longer. This shifts the outlook for the loonie and underscores ongoing economic strength amid global uncertainty. Insights by James Elliot, ExchangeRates.org.uk.

Canadian Dollar surged after October’s jobs report beat expectations, signaling resilience in the labor market and raising the prospect of sustained Bank of Canada tightening. What does this mean for CAD pairs and monetary policy in 2024? Analysis by James Watts at ExchangeRates.org.uk explores key drivers and outlook.

The recent fire at a perfume warehouse in Turkey’s Kocaeli province has intensified volatility in the Turkish lira, highlighting how unforeseen geopolitical and industrial events can disrupt forex markets. Supply chain interruptions and shaken investor confidence often drive risk-averse moves toward safer currencies, underscoring the deep link between local crises and global currency flows.

The British Pound rebounds strongly against the U.S. Dollar, climbing to 1.3124 after oversold conditions triggered a technical correction. Support around 1.3050 and improving UK retail sales underpin the recovery, while markets weigh a cautious BoE policy outlook and mixed U.S. rate signals. GBP/USD eyeing further gains if bullish momentum holds. #Forex #GBPUSD

GBP/USD faces pressure after the Bank of England’s dovish shift last week, while US data remained mixed and quiet. All eyes now on this week’s US CPI release, which could tip the scales—soft inflation may boost the pound, but a strong print could reinforce dollar strength. Traders brace for key moves ahead.

GBP/USD weekly outlook highlights cautious optimism amid resistance near 1.2860 and support around 1.2680. Technical signals suggest the bullish trend remains intact above key zones, but fading momentum and fundamental uncertainties call for careful monitoring. For a full breakdown, credit to ActionForex.com staff.

GBP/USD remains range-bound this week, consolidating between 1.2600 support and 1.2800 resistance as market participants await key fundamental triggers. Diverging BoE and Fed policies keep sentiment cautious, with a breakout above 1.2802 or below 1.2599 needed to set the next directional trend. Credit: ActionForex.com analysis.

GBP/USD ended the week near 1.2700 after testing resistance around 1.2850, reflecting fading bullish momentum within a defined trading range. Key levels to watch include support at 1.2620 and resistance near 1.2890. Market direction remains sensitive to upcoming UK inflation data and Fed signals, with cautious sentiment prevailing amid mixed economic releases and central bank guidance.

GBP/USD has surged on Brexit optimism and a weaker dollar, but key resistance near 1.2300–1.2430 and signs of overbought momentum threaten the rally. Traders should watch for profit-taking as long positions become crowded amid ongoing Brexit risks.

GBP/USD hovers near 1.3150 as concerns over U.S. government stability create uncertainty in markets. Political deadlock and debt ceiling risks weigh on the dollar, while UK economic resilience and Bank of England’s cautious stance provide some support to sterling. Traders watch closely amid mixed signals.
Article credit: VT Markets Live Updates Team